Utilities Flat as Treasury Yields Fall -- Utilities Roundup

Shares of power producers were flat as Treasury yields fell in the wake of mixed private-sector jobs data.

A recent resurgence in Treasury yields has weighed on the utility sector after a period of market leadership.

Meta will build a $10 billion data center in northeast Louisiana as it continues to pour resources into investments in AI and augmented reality. To power the center in Richland Parish, La., and meet growing power demands, utility Entergy will add what the state agency Louisiana Economic Development called clean, efficient power plants to its system.

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(END) Dow Jones Newswires

12-04-24 1846ET