Shares of power producers fell as traders continued to rotate out of defensive sectors into the high-risk tech sector.
Traders rotate from utilities to tech as Treasury yields rise, despite AI demand supporting data center infrastructure. The shift reinforces that while energy benefits from AI capex, market appetite favors pure-play tech over power stocks amid rising rates.
Shares of power producers fell as traders continued to rotate out of defensive sectors into the high-risk tech sector.
Rising Treasury yields have also lured investors out of the utility sector, even as power producers benefit from rising AI demand.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
August 04, 2026 19:32 ET (23:32 GMT)
Shares of power producers fell as traders continued to rotate out of the defensive sector.
Shares of power producers continued their recent retreat as traders rotated into less rate-sensitive sectors.
Shares of power producers fell as traders rotated out of defensive sectors and back into the high-risk technology group.
Shares of power producers slid as traders rotated out of the sector, wary of the interest-rate outlook.
Shares of power producers fell as a retreat from the sector continued.
Shares of power producers fell as traders rotated into more cyclical sectors.
