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Shares of power producers fell as momentum traders continued to flee the sector, betting bond yields will continue to work against it.
The SPDR Select Sector Utilities exchange-traded fund has dropped about 8% for the year to date, even as the broad market has risen markedly, as rising Treasury yields have presented the sector with formidable competition from the bond market.
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Follow Play Earnings CallPlay Earnings Call Disc Medicine, Inc. (IRON) Discusses ASH Conference Data Updates and Portfolio Progress Including Anemia and Iron Restriction Programs...
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