Shares of power producers rose, but not by as much as the broad market, as traders rotated into cyclical sectors.
Plug Power, the country's largest producer of clean hydrogen, said it had received a $1.66 billion loan guarantee from the federal government.
Powerful winds that fueled the rapid spread of deadly fires around Los Angeles for more than a week around have diminished, removing the immediate threat of dangerous fire weather.
Shares of local utility Edison International rose, but remained down by more than one fifth for 2025 so far.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
01-17-25 1757ET