Alliant Energy Corp is an electric and natural gas utility serving the Midwest. The company has retail and wholesale electricity, electric distribution, retail gas operations, and generating capacity of 8 GW. Alliant exited the transmission business in 2007. The company has two primary regulated utility subsidiaries - Interstate Power and Light (IPL), and Wisconsin Power (WPL). These subsidiaries provide utility services to about one million electricity customers and approximately 425,000 natural gas customers. Alliant Energy Finance is the parent company for non-regulated operations.

Stock indices are bouncing around again at midday. China has retaliated against the Trump tariffs by imposing its own 84% tariff on U.S. goods imported into China. The EU jumped in this morning as well and announced tariffs back on certain U.S. goods. Meanwhile, the financial press is reporting that tariffs talks have reportedly started with Japan and South Korea.

If you didn't sense some panic on Tuesday, your face wasn't buried in a computer screen during the afternoon. As such, you didn't notice margin calls, hedge fund angst, some major dislocation in the financial community, etc. Still, after the indices gave up large gains -- with the S&P 500 (SPX) at one point up a whopping 4% -- the index filled its opening gap and tried to rally. After almost reaching 5,100 at 2:35, the index fell hard, dropping to near 4,900 by 3:50. When all was said and done, the SPX was off 1.6%, the Nasdaq and Nasdaq 100 (QQQ) fell 2%, the S&P 400 gave up 2.2%, and the S&P 600 dropped 3%. Since its 11/25/2024 closing top, the small-cap index has crashed over 28%. Will small caps ever be in favor? Their relative strength versus the SPX has been consistently lower for the past four years. The SPX has fallen to another cluster of support. But so far, every support level since the decline started has been obliterated. The index's recent low was a 50% retracement of the bull market off the October 2022 bottom. In less than eight weeks, the index has given back half of the gains that took over two years to accomplish. NYSE breadth was +2,600 early on, but finished at -1,800. NYSE up volume/total volume was only 17%. The VIX closed at a new high for this correction, at 52%, and remains outside its upper Bollinger Band (BB). The SPX remains below its lower BB, so a price reversal could be bullish. The NYSE McClellan Oscillator is very oversold near -100. That all said, long-term breadth (issues above their 200-day) remains in danger territory, as does the percentage of NYSE stocks at new lows. (Mark Arbeter, CMT)

Alliant Energy is the parent of two regulated utilities, Interstate Power and Light and Wisconsin Power and Light, serving nearly 1 million electric customers and 425,000 natural gas-only customers. Both subsidiaries engage in the generation and distribution of electricity and the distribution and transportation of natural gas. Alliant also owns a 16% interest in American Transmission Co.