Utility Shares Slip as Treasury Yields Rebound

J.D. Joyce, president of Houston financial advisory Joyce Wealth Management, said concern that Texas Governor-elect Gina Hinojosa would halt data-center development could be misplaced. Hinojosa, he said, “at least at the Texas level has said she wants to be pro-business” and has not called for a moratorium on the facilities.

Joyce added that even if development in some states were restricted, other states would welcome the projects if political conditions changed. He said he believed the concern about Texas was inaccurate.