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The markets remain uncertain as trade-related setbacks continue to loom. After eking out a slight gain on Monday, the markets are showing little direction today as investors await further trade deal progress. Reflecting caution, the Organization for Economic Co-operation and Development (OECD) lowered its growth outlook for the U.S. economy to 1.6% and 1.5% for 2025 and 2026, respectively. Technology stocks are barely higher as a sector, delivering a nearly flat performance for the Nasdaq Composite.
Meta Platforms (Nasdaq: META | META Price Prediction) has inked a 20-year power-purchase deal with Constellation Energy (NYSE: CEG), securing electricity from the utility’s Illinois plant. This landmark deal marks the first direct partnership between a major tech company and the nuclear power industry. Large technology companies are hunting reliable access to the U.S. electricity grid, driven by the rapidly increasing energy demands of their AI-powered data centers. CEG shares are soaring 6%, while META stock is flat.
Here’s a look at market performance this morning:
Dow Jones Industrial Average: Up 26.87 (+0.06%)
Nasdaq Composite: Down 11.54 (-0.06%)
S&P 500: Down 3.37 (-0.06%)
Market Movers
Automaker Ford (NYSE: F) experienced a 16.3% jump in sales last month compared with year-ago levels. The strong performance was fueled by an employee pricing program that Ford rolled out to offset the impact from tariffs and higher vehicle sticker prices.
Dollar General (NYSE: DG) is rising 13.5% today after reporting better-than-expected Q1 financial results, including strong sales. The discount retailer also raised its full-year outlook, a move that is being cheered by the markets.
Hims & Hers Health (NYSE: HIMS) is up 14% in today’s trading session after announcing its acquisition of a European digital health platform.
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