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 rob.curran@dowjones.com

(END) Dow Jones Newswires

05-13-21 1716ET

Copier lien
Latest news about "Economy & Forex"
4h ago
5h ago
5h ago
5h ago
5h ago