Shares of power producers fell, but not by as much as the broad market, as investors sought out defensive sectors in light of weakening earnings and a surprise at Federal Reserve's caginess.

Investors had bought into cyclical sectors such as materials and banks in hope of strong earnings and an imminent Fed rate cut.


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

(END) Dow Jones Newswires

01-31-24 1736ET