U.S. Stocks Opened Lower on Wednesday; IREN Jumped 4% as It Plans an 800 MW Data Center Campus in South Australia

Tiger Newspress

06/03

The Dow Jones Industrial Average fell on Wednesday as oil prices and Treasury yields moved higher amid worries the U.S.-Iran conflict could keep lifting inflation.

The 30-stock average pulled back 236 points, or 0.4%. The S&P 500 traded just below the flatline, and the Nasdaq eked out a small gain.

Iren shares rose 4% in market trading after the company announced a data center campus in Australia.

The data center owner and operator said it has signed a transmission connection agreement to support a planned 800-megawatt data center campus in Bundey, South Australia. The project marks Iren's first Australia data center project and one of the biggest of its kind in the Asia-Pacific region.

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