Stock market today: Live updates

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4 Hours Ago

These dividend payers could see a bump from AI hype, Wells Fargo says

Utilities, best known for their steady dividend payments, are enjoying a surge in popularity, thanks to excitement around artificial intelligence.

Consider that the Utilities Select Sector SPDR Fund (XLU) is up 6.8% in May alone, outperforming the Technology Select Sector SPDR Fund (XLK), which is up 5.2% this month.

Here’s how the utilities AI play goes: AI data centers are going to require a significant amount of electricity – and even as tech companies turn toward renewable energy sources, natural gas will play a key part in backing up those power needs.

See here for a list of dividend-paying utilities that could benefit from AI excitement, per Wells Fargo.

–Darla Mercado

4 Hours Ago

GameStop, AMC extend gains after hours

Shares of meme stock favorites GameStop and AMC soared in extended trading on Monday, following sharp moves earlier in day spurred by the re-emergence of “Roaring Kitty.”

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GameStop and AMC stock soared on Monday.

GameStop stock climbed more than 7%, while AMC soared nearly 15%. Trading in the brick and mortar video game retailer was interrupted several times on Monday due to increased volatility.

— Brian Evans

5 Hours Ago

Games Global Limited postpones IPO

Games Global Limited is postponing its initial public offering planned for May 14, the company said on Monday.

The online casino game supplier said concerns over market conditions underpinned the decision. Games Global plans to issue 14.5 million shares priced at $16 to $19 per share.

— Brian Evans

5 Hours Ago

Stock futures are little changed on Monday



This article was originally published by a www.cnbc.com

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