Stock Market Update

01-Jul-25 12:00 ET
Reconciliation bill eases on clean energy
Dow +430.85 at 44525.62, Nasdaq -193.50 at 20176.25, S&P -12.09 at 6192.86

[BRIEFING.COM] The S&P 500 (-0.2%) is down today in conjunction with a slide in the top weighted technology sector (-1.4%). 

The market awaits a final Senate vote on the large reconciliation bill, with the latest version removing an excise tax on wind and solar developments, extending construction start times for wind and solar projects by another year, and easing supply chain restrictions on Chinese products for developers, according to a CNN report. Shares of NextEra Energy (NEE 71.40, +1.98, +2.85%) have risen sharply in relation to the news, and narrowed the utilities sector (-0.1%) loss for the day.

 

Cookies are essential for making our site work. By using our site, you consent to the use of these cookies. Read our cookie policy to learn more.