Shares of power producers rose as Treasury yields fell.
Utilities had been under pressure during much of the second quarter due to expectations of a rate hike.
The Labor Department’s tally of a mere 57,000 workers added in June moderated rate expectations, bringing down Treasury yields and buoying yield-oriented utility stocks.
Estimates from the North American Electric Reliability Corporation, a nonprofit tasked with monitoring the reliability of the U.S. power system, suggest the U.S. should have plenty of power supplies under normal summer conditions.
The heat wave sweeping the Midwest and the Northeast may provide a sterner test, however.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
July 02, 2026 17:23 ET (21:23 GMT)
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