Shares of power producers fell as traders hedged their bets ahead of inflation data.
In a positive sign for rate-sensitive stock market sectors such as utilities, Treasury yields declined head of the CPI data.
Orsted shares slumped after the company halted plans to sell a stake in a U.S. offshore wind project and proposed a rights issue that could raise $9.4 billion as it seeks fresh funds to continue its offshore wind construction projects.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
August 11, 2025 19:09 ET (23:09 GMT)
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