Shares of power-plant operators rose sharply amid signs that the tax-reform bill was foundering. The tax package was seen as driving up growth and inflation -- developments that often coincide with an up-turn for interest rates and a downturn for utility stocks.
Utility stocks have recently developed an inverse-correlation to another rate-sensitive group, financials, which fell sharply Tuesday.
-Rob Curran, firstname.lastname@example.org
(END) Dow Jones Newswires
November 07, 2017 16:50 ET (21:50 GMT)