Shares in the utilities sector fell amid lingering expectations about a Middle East agreement that would lead to a normalization of global oil supply. Meanwhile, Fed officials predicted an increase in interest rates this year, in a potential blow to the American consumer.

Shares of power producers rose as Treasury yields fell in the wake of a U.S.-Iranian peace deal that tempered the 2026 spike in energy prices.

Shares in the utilities sector fell amid lingering expectations about a Middle East agreement that would lead to a normalization of global oil supply. Meanwhile, Fed officials…