Shares of power producers fell as Treasury yields rose.
The SPDR Select Sector Utilities exchange-traded fund fell by 1.5%, slipping into the red for the year to date.
Utilities are sometimes called bond proxies because they tend to trade in line with Treasurys. The likely ascent of Kevin Warsh, a relatively hawkish central banker, has weighed on bonds.
Dozens of people have died and thousands of customers are still without power nearly a week after a sprawling winter storm blanketed much of the U.S. with extreme cold, ice and snow.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
February 02, 2026 17:26 ET (22:26 GMT)
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