Shares of power producers fell as long-term Treasury yields continued to rise.
The yield on the 30-year bond completed its biggest monthly gain since December 2024. Utilities are sometimes dubbed "bond proxies" because of how closely they track moves in Treasury markets.
Nuclear technology and services supplier Westinghouse Electric has confidentially filed a draft registration statement with the Securities and Exchange Commission for a proposed initial public offering of its common stock.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
