Shares of power producers rose as momentum built in the sector.
The utilities industry group of the S&P 500 has gone from one of the worst performers on the S&P 500 to being one of the strongest sectors for the year to date.
Shares of NRG plunged after the Houston power producer logged a decline in quarterly revenue.
Self-driving car startup Wayve Technologies has raised more than $1 billion from investors to accelerate the development of AI-based products for automakers.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
05-07-24 1753ET
