Shares of power producers fell as traders hedged their bets on the outlook for interest rates.
Treasury yields had their biggest annual drop since 2020 due to Federal Reserve interest-rate cuts. That gave the utility sector a lift, but fears that the Fed may not continue cutting rates have weighed on the sector recently.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
December 31, 2025 17:31 ET (22:31 GMT)
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