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Tesla, Vistra, US Steel, and More | Global News Avenue

Tesla, Vistra, US Steel, and More

Main points

  • U.S. stocks were higher at midday, rebounding from yesterday’s sell-off on optimism about growing demand for nuclear power and Tesla’s recovery from losses.
  • Artificial intelligence data centers are increasingly demanding electricity, pushing up shares of Vistra, NRG Energy and Constellation Energy.
  • President Biden blocked Nippon Steel’s acquisition of U.S. Steel on national security grounds.

U.S. stocks rebounded from yesterday’s sell-off at midday on Friday, driven higher by expectations for more nuclear energy demand and Tesla demand.Tesla) to recover from the impact of disappointing delivery numbers. this Dow Jones Industrial Average, S&P 500 Indexand Nasdaq Get up.

view(visual effects), NRG Energy (NRG) and constellation energy (CEG) is one of the best-performing stocks in the S&P 500 and is already poised for strong performance in 2024 on rising power demand Artificial Intelligence (AI) data center.

Along with Tesla, shares of rival Rivian Automotive (Ruiwei NetworkThe company’s shares rose when it reported it would produce more electric vehicles in 2024 than expected and said parts shortages that limited production last year had been resolved.

Ford Motor (F) and General Motors (General MotorsShares rose when the automaker reported its best annual U.S. sales since 2019.

United States Steel Corporation (XThe company’s shares fell when President Joe Biden announced he would block Nippon Steel from acquiring the steelmaker, citing national security concerns. Shares of rival Cleveland-Cliffs (CLF), its previous bid to acquire U.S. Steel was rejected and abandoned.

Molson Coors Beverage stock (tap), Constellation Brand (streptozotocinWhen U.S. Surgeon General Dr. Vivek Murthy warned of the link between drinking and cancer, other alcohol companies’ stock prices fell.

Oil futures rose. Gold prices fell. The 10-year Treasury yield was little changed. The dollar fell against the euro, pound and yen. Most major cryptocurrencies trade in green.

U.S. Steel.

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