Stock Market Today: Dow rises modestly as stocks aim for weekly gains in post-Fed rally
Constellation Energy and Vistra have been among the best-performing stocks this year, reflecting optimism around the companies’ potential to capitalize on the power needs of artificial-intelligence players.
Both stocks are building Friday on what were already strong year-to-date gains after Constellation said it signed a 20-year power-purchase arrangement with Microsoft. Constellation will restart a Third Mile Island nuclear reactor as part of the deal.
Constellation shares are ahead 21% in Friday afternoon action while Vistra shares are up 15%, with the two names leading S&P 500 gainers. Constellation’s stock has seen a 166% gain so far this year, and Vistra’s is ahead 177%.