IFRA is trading 5.3% down following hawkish Fed commentary and a broad risk-off move that has placed significant pressure on the utilities-heavy infrastructure complex.
- Rate-sensitive regulated power names are facing headwinds as resurfacing fears of higher interest rates impact defensive sectors.
- Macroeconomic uncertainty driven by Middle East tensions and rising oil prices is weighing on investor sentiment ahead of key housing and economic data.
- The decline reflects broader weakness in US index futures as the market reacts to a shift in interest rate expectations.