"This morning, the S&P 500 is up 17 points. The SPDR S&P 500 ( SPY) is up $2.55. The Dow is up about 100 points, as the tech-heavy Nasdaq tacks on 68 points. Most of these gains are attributed to speculation that job gains could prompt the Federal Reserve to lower interest rates. That was after the December jobs report showed slight weakening, but a stable jobs market that could push the Fed to cut again."
""At Meta, we are investing in nuclear energy because it provides clean, reliable power that is essential for advancing our AI ambitions and strengthening American leadership in energy innovation. By supporting nuclear power, we ensure that our operations - and the communities we serve - benefit from energy solutions that drive both technological progress and economic growth," said Urvi Parekh, Head of Global Energy at Meta, as quoted in a press release."
U.S. equity indexes opened higher with the S&P 500 up 17 points, the SPDR S&P 500 (SPY) up $2.55, the Dow up about 100 points and the Nasdaq up 68 points. Gains were driven by speculation that weaker payroll growth could prompt the Federal Reserve to lower interest rates after nonfarm payrolls rose 50,000 in December versus 73,000 expected. The Supreme Court will consider whether tariffs were lawfully imposed under the International Emergency Economic Powers Act and whether previously collected tariffs must be reimbursed. Meta unveiled agreements to secure about 6.6 GW of nuclear power by 2035, including a deal with Vistra Energy and plans with Oklo for a 1.2 GW campus in Ohio; Vistra shares jumped in premarket trading.
Read at 24/7 Wall St.
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