Shares of power producers fell as strong economic data spurred a rotation into cyclical sectors.
Ten- and 30-year Treasury yields finished at their highest levels of the year for a third straight session after the release of lower-than-expected initial jobless claims. Rising bond yields detract from the allure of a sector associated with high dividend yields.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
01-18-24 1755ET
