Nuscale Power

Live Updates Live Coverage Has Ended Goldman Bullish on Nuclear Stocks 12:05 pm by Gerelyn Terzo Goldman Sachs is bullish on two nuclear stocks – Cameco (NYSE: CCJ) and NuScale Power (NYSE: SMR) – saying they are poised to benefit from the Trump administration’s friendly regulation. Both stocks have rallied by double-digit percentages in recent days. President Trump is determined to bolster domestic uranium production, send advanced reactors to military and energy sites, and tighten the window for new reactor license approvals to 18 months, a process that traditionally is infamous for being extremely lengthy. The markets are holding their gains, including a 2.1% advance in the Nasdaq Composite. Consumer Confidence Soars 10:35 am by Gerelyn Terzo Consumer Confidence surged in May, hitting 98 – a significant 12.3-point jump from April. This robust reading defied economists’ predictions of 86, despite ongoing tariff concerns. The markets are widening their lead, including a nearly 2% jump in the Nasdaq Composite. Durable Goods Orders Reverse 9:55 am by Gerelyn Terzo Durable goods orders fell 6.3% last month, a narrower decline than economists had anticipated but on the heels of four straight monthly increases. The latest data is a gauge on business spending in light of the tariffs. Boeing (NYSE: BA) orders were a drag, falling 51% last month. This article will be updated throughout the day, so check back often for more daily updates. Optimism has seeped back into the markets, with all three of the major stock market averages coming out of the gate higher. President Trump announced a pause on proposed EU tariffs until July 9, fueling a 300-point gain in the Dow Jones Industrial Average. Technology stocks are leading the Nasdaq Composite and S&P 500 each higher by over 1%. The proposed EU import tariff continues to hover at 50%, and July isn’t too far away, but for now, the markets are seeing the glass as half full. The Trump administration’s deal with the EU suggests further trade partner progress could be revealed sooner than later. Wall Street firm Piper Sandler has reiterated its “overweight” rating on Nvidia (Nasdaq: NVDA) stock ahead of the AI darling’s highly anticipated quarterly results due out tomorrow, advising investors to stay long on the stock and weather the uncertainty because the worst is behind them. Other Mag 7 stocks are higher today as well, including Meta Platforms (Nasdaq: META) and Amazon (Nasdaq: AMZN), each with a 1% jump. Tesla (Nasdaq: TSLA) is rallying 3.5% after Wedbush analysts labeled the EV maker an AI “pure play” and lifted the price target to $500 per share. Here’s a look at the performance as of morning trading: Dow Jones Industrial Average: Up 378.17 (+0.89%) Nasdaq Composite: Up 275.40 (+1.5%) S&P 500: Up 65.67 (+1.1%) Market Movers UBS has upgraded shares of LifeStance Health (Nasdaq: LFST) to a “buy” rating from “neutral” on a bullish long-term outlook, sending the stock up 4%. Data analytics software stock Palantir Technologies (Nasdaq: PLTR) is gaining 2% on the day in the tariff-fueled rally. Southwest Airlines (NYSE: LUV) will begin charging customers $35 for the first checked bag and $45 for the second later this week, a reversal of a longstanding “bags fly free” policy for the airline. The markets are rewarding LUV stock for the added revenue with a 3% advance. The post Live Nasdaq Composite: Market Optimism Returns Amid EU Tariff Delay appeared first on 24/7 Wall St..» Mehr auf 247wallst.com

Live Updates Live Coverage Has Ended Wall Street Endorses Nuclear Stocks 12:10 pm by Gerelyn Terzo Goldman Sachs has issued a bullish report on a pair of nuclear stocks – Cameco (NYSE: CCJ) and NuScale Power (NYSE: SMR) – pointing to regulatory tailwinds from the Trump administration. Both stocks have risen by double-digit percentages since President Trump issued an executive order last week. The president is determined to bolster domestic uranium production, send advanced reactors to military and energy sites, and shorten the wait for new reactor license approvals to one and a half years, a process that historically is known for moving at a snail’s pace. Business Orders Soften 10:30 am by Gerelyn Terzo Durable goods orders posted a 6.3% decline last month, a softer drop than economists had predicted. However, this dip follows four consecutive months of increases, painting a mixed picture for business spending amid ongoing tariff discussions. A significant drag on the overall figures was Boeing (NYSE: BA), whose orders plunged 51% last month. This article will be updated throughout the day, so check back often for more daily updates. Market sentiment has turned decidedly upbeat, with all three major stock market averages seeing gains from the open. President Trump agreed to delay proposed EU tariffs until July 9, which led to a 300-point jump for the Dow Jones Industrial Average. Also buoying stocks is the latest round of economic data. Consumer Confidence for May came in at a stronger than expected reading of 98, up 12.3 points month-over-month. Economists were calling for a reading of 86 in the face of tariffs. The SPDR S&P 500 ETF (SPY) is gaining 1.45% on the day. Technology stocks powering the Nasdaq Composite and S&P 500 up by over 1% each. Despite the pending 50% EU import tariff and July being right around the corner, markets are satisfied with the interim relief, viewing the Trump administration’s agreement with the EU as a potential precursor to further positive trade developments. Wall Street firm Piper Sandler has reiterated its “overweight” rating on Nvidia (Nasdaq: NVDA) ahead of the AI darling’s crucial quarterly results tomorrow. The firm suggests investors hold fast, believing the most challenging period is now behind the company. Other “Magnificent Seven” members are also enjoying gains, with Meta Platforms (Nasdaq: META) and Amazon (Nasdaq: AMZN) both up 1%. Tesla (Nasdaq: TSLA) stands out with a 3.5% rally after Wedbush analysts elevated the EV manufacturer to an AI “pure play” and boosted its price target to $500 per share. Here’s a look at the performance as of morning trading: Dow Jones Industrial Average: Up 488.43 (+1.1%) Nasdaq Composite: Up 376.43 (+2.0%) S&P 500: Up 90.11 (+1.5%) Market Movers UBS has upgraded LifeStance Health (Nasdaq: LFST) to a “buy” from “neutral” on a positive long-term forecast, sending the stock up 4%. Data analytics software specialist Palantir Technologies (Nasdaq: PLTR) is also up 2% today, riding the broader tariff-driven rally. Southwest Airlines (NYSE: LUV) will soon begin charging customers $35 for the first checked bag and $45 for the second, abandoning its signature “bags fly free” policy. This strategic move is being rewarded by investors, with LUV stock gaining 3%. The post S&P 500 (NYSEARCA: SPY) Live: Markets Upbeat on EU Tariff Surprise and Resilient Economy appeared first on 24/7 Wall St..» Mehr auf 247wallst.com

Nuclear stocks erupted higher last Friday after President Donald Trump signed new executive orders aimed at hastening the development of nuclear energy sites. The orders contain decrees to reduce the licensing approval process to 18 months and allow new construction on federal land.» Mehr auf marketbeat.com