Shares of power producers rose, but not by as much as the broad market, as Treasury yields rose in the wake of the Federal Reserve’s rate cut.
The interest-rate change was so widely anticipated that its likely impact was priced into the Treasury market, and the utility sector of the S&P 500, which often tracks the Treasury market, before the event happened.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
September 17, 2025 19:54 ET (23:54 GMT)
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