Utilities Up As Inflation Scare Subsides -- Utilities Roundup
|05/13/2021 | 05:17pm|
Shares of power producers rose as traders rotated back into the sector after an inflation scare.
Utilities sold off heavily after Wednesday's inflation data because of fears that Treasury yields were set to rise smartly, which would weigh on investment demand for the dividend-oriented sector.
Write to Rob Curran at email@example.com
(END) Dow Jones Newswires