U.S. Stocks Open Higher; Constellation Energy Jumps as Google Enters Massive 3.6-GW Power Deal with It
Tiger Newspress
1 hour ago
U.S. stocks opened higher on Tuesday, as Treasury yields eased from multi-year highs and oil prices fell, while investors looked forward to the upcoming quarterly earnings season.
Constellation Energy shares jumped 11% in morning trading. Google has contracted for 3,590 megawatts of power from Constellation Energy in the US' largest power grid, with new nuclear energy accounting for about a quarter of that supply, the companies said on Tuesday.
The deal will enable more than $4.3 billion of new investment by Constellation and involves adding capacity at several of the power company's nuclear reactors in the Midwest and Mid-Atlantic regions, the companies said.
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