Markets continued to cool yesterday with the S&P 500, NASDAQ Composite and Dow Jones Industrial Average all ending down on the day after another batch of economic data. Durable goods orders rose 1.4% in February, home prices were up 6% in January and consumer confidence remained unchanged in March.
For the main indices, the S&P 500 was down 0.28% to close at 5,203.58, the NASDAQ Composite lost 0.42% to close at 16,315.70 and the Dow Jones Industrial Average lost 0.08% to close at 39,282.33.
We are watching Krispy Kreme and Vistra. Krispy Kreme’s stock surged 39.36% yesterday after revealing a partnership with McDonald’s to sell its doughnuts across the US. The doughnuts will roll out in the second half of the year and be available across all the US by the end of 2026. This is set to double Krispy Kreme’s distribution. Energy investors are riding the AI boom, as it drives electricity demand growth. Electricity demand tied to data centers is expected to increase at a compound annual growth rate of between 13%-15% through 2030. This has helped to lift Vistra stock to 85% year to date, not far off Nvidia’s 92% surge. The stock closed down 4.65% yesterday at $67.89.