Shares of power producers fell as Treasury yields rose due to inflation concerns.
Treasury yields surged on inflation concerns and geopolitical tension (Hormuz), dragging utility stocks lower. Rising borrowing costs squeeze capex for critical infrastructure and data centers, pressuring IT budget cycles amid monetary tightening.
Shares of power producers fell as Treasury yields rose due to inflation concerns.
The Trump administration's silence on an anticipated deal to reopen the Strait of Hormuz spurred gains in oil prices and Treasury yields.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
August 06, 2026 18:13 ET (22:13 GMT)
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