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Key Takeaways

• U.S. equities were higher at midday as the market sought clarity on U.S. trade negotiations.

• Meta Platforms signed a 20-year agreement with Constellation Energy for the electric provider to supply nuclear power for Meta's artificial intelligence data centers.

• FactSet Research Systems announced CEO Phil Snow is to retire in September.

U.S. equities rose at midday as the markets continued to wait for more information about possible U.S. trade deals. The Dow Jones Industrial Average, S&P 500, and Nasdaq were slightly higher.

Dollar General (DG) was the best-performing stock in the S&P 500 after the discount retailer beat profit and sales estimates and boosted its guidance as shoppers worried about economic uncertainty flocked to its stores.

Shares of Constellation Energy (CEG) gained when Meta Platforms (META) signed a 20-year deal to buy nuclear power from the firm to power its artificial intelligence (AI) data centers.

Hims & Hers Health (HIMS) shares rose when the health and wellness site purchased London-based digital healthcare provider ZAVA to expand its reach in Europe. The price of the all-cash deal was not disclosed.

FactSet Research Systems (FDS) shares fell when the financial data firm announced that CEO Phil Snow would be retiring in September. Snow will be replaced by former JPMorgan Chase (JPM) executive Sanoke Viswanathan.

After a big jump yesterday on President Trump's announcement of 50% tariffs on imported steel, shares of Nucor (NUE) and rival steelmakers fell on concerns the new duties will lead to higher costs, supply chain issues, and retaliation.

Bumble (BMBL) shares tumbled on a downgrade from JPMorgan, which said the dating app is losing market share to competitor Hinge.

Oil futures climbed. Gold prices declined. The yield on the 10-year Treasury note ticked higher. The U.S. dollar was up on the euro, pound, and yen. Most major cryptocurrencies traded higher. 

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