Important points
U.S. stocks rebounded from yesterday’s decline as of midday Friday on expectations for more nuclear energy and Tesla’s (TSLA) recovery from the impact of disappointing shipments. The Dow Jones Industrial Average, S&P 500, and Nasdaq rose.
Vistra (VST), NRG Energy (NRG), and Constellation Energy (CEG) are among the best-performing stocks in the S&P 500, and they are among the best-performing stocks in the S&P 500, with a strong demand for electricity to power artificial intelligence (AI) data centers. The increased demand added to an already strong 2024 performance. .
Along with Tesla, rival Rivian Automotive (RIVN)’s stock price rose after the company reported it would produce more EVs than expected in 2024 and announced that parts shortages that limited production last year have been resolved. , stock prices rose.
Shares of Ford Motor Co. (F) and General Motors Co. (GM) rose after both automakers posted their best annual sales in the U.S. since 2019.
U.S. Steel (X) shares fell after President Joe Biden announced that he would block Nippon Steel’s acquisition of the steelmaker, citing national security concerns. Shares of rival Cleveland-Cliffs (CLF), whose previous offer to buy U.S. Steel was rejected, fell as well.
Shares of Molson Coors Beverage (TAP), Constellation Brands (STZ) and other alcohol companies fall after U.S. Surgeon General Dr. Vivek Murthy warns about the link between alcohol and cancer. did.
Crude oil futures rose. Gold prices fell. The 10-year government bond yield was little changed. The US dollar lost against the euro, pound, and yen. Most major cryptocurrencies trade in the green.
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