9-27-17 4:54 PM EDT | Email Article

Shares of power-plant operators fell sharply as traders positioned themselves for higher interest rates.

Comments from Federal Reserve Chairwoman Janet Yellen on Tuesday drove odds of a rate increase in December higher on fed funds futures markets. Utility stocks compete with Treasurys, whose yields track fed funds rates, for the dollars of fixed-income investors.

 

Rob Curran, rob.curran@dowjones.com

 

(END) Dow Jones Newswires

September 27, 2017 16:54 ET (20:54 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.
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