"The S&P 500 climbed 0.5% in midday trading and was on track to top its all-time high set earlier in the week. The Dow Jones Industrial Average added 237 points, or 0.5% and was also heading toward a record. The Nasdaq composite was 0.7% higher, as of 11:45 a.m. Eastern time. The gains came after the U.S. Labor Department said employers hired fewer workers in total during December than economists expected."
"On Wall Street, power company Vistra soared 11.9% to lead the market after signing a 20-year deal to provide electricity to Meta Platforms from three of its nuclear plants. Big Tech companies have been signing a string of such deals to electrify the data centers powering their moves into artificial-intelligence technology. Oklo jumped 12.3% after saying it also signed a deal with Meta Platforms that will help it secure nuclear fuel and advance its project to build a facility in Pike County, Ohio."
U.S. stocks rose toward record highs after a mixed December jobs report that could delay another Federal Reserve rate cut but did not rule one out. The S&P 500, Dow and Nasdaq gained roughly 0.5% to 0.7% by midday. The Labor Department reported fewer hires than expected while the unemployment rate improved, suggesting a "low-hire, low-fire" labor market. Vistra and Oklo surged after signing long-term deals with Meta Platforms tied to nuclear power and fuel. Homebuilders rallied after President Donald Trump proposed buying $200 billion in mortgage bonds to lower mortgage rates. General Motors fell after announcing a $6 billion charge.
Read at Fast Company
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