Shares of power producers fell slightly as Treasury yields finished mixed.

Investors piled into renewable-energy investments in bets that the Biden administration would follow through on promises to shift the U.S. away from carbon fuels.

The Invesco Solar exchange-traded fund, a proxy for investors' climate-change policy expectations, rose by more than 5% Thursday.

Former Secretary of State John Kerry, President Joe Biden's special envoy for international climate-change negotiations, said the U.S. was rejoining the Paris Climate Agreement and would push for further progress on the issue.

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

01-21-21 1718ET