Shares of power producers rose as traders hedged their bets on the outlook for Treasury yields.
Yields fell as the after-shocks of the Russian-Ukrainian war continued to ripple through global markets.
Some strategists anticipate the war changing the Federal Reserve's interest-rate calculus. "The Russian invasion of Ukraine is a human tragedy," said strategists at money manager BlackRock Investment Institute.
"We now know what we are dealing with: a protracted stand-off between Russia and the West. We also think it has reduced the risk of central banks slamming the brakes to contain inflation."
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
02-28-22 1725ET
