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Plug Power Stock Is Sliding Friday: What's Driving The Action?
Benzinga· 2026-01-30 21:12
Plug Power Inc (NASDAQ:PLUG) shares fell sharply Friday after President Donald Trump formally nominated former Fed governor Kevin Warsh as Federal Reserve chair, sparking fears that a more hawkish policy regime and potentially higher-for-longer interest rates could squeeze the hydrogen fuel-cell maker's capital-intensive growth plans.Here’s what investors need to know.Plug Power stock is feeling bearish pressure. Why are PLUG shares down?Why Trump’s Fed Chair Pick MattersAt the same time, if tighter Fed pol ...
Stock Market Today: Nasdaq, S&P 500 Futures Rise As Government Enters 2nd Week Of Shutdown—Plug, Lithium Americas, UiPath In Focus
Benzinga· 2025-10-06 09:45
Market Overview - U.S. stock futures rose on Monday following mixed moves on Friday, with major benchmark indices showing positive futures [1] - The Dow Jones index ended 239 points or 0.51% higher at 46,758.28, while the S&P 500 index rose 0.0066% to 6,715.79 [5][6] - Bitcoin reached a new all-time high, breaking the $125,000 mark, with trading volume exceeding $76 billion [1] Economic Indicators - The 10-year Treasury bond yielded 4.14%, and the two-year bond was at 3.57%, with a 94.6% likelihood of the Federal Reserve cutting interest rates in October [2] - The ADP Employment Report indicated the largest private-sector job loss in over two years, while the ISM Services PMI showed a fourth consecutive month of contraction in its employment component [4] Sector Performance - Sectors with the biggest gains on Friday included utilities, health care, and financials, while consumer discretionary and communication services stocks closed lower [3] Government Shutdown Impact - The ongoing government shutdown is predicted to extend into October, with a 70% probability of lasting until at least October 15 [7] - Historical data suggests that government shutdowns have had a benign effect on the stock market, with the S&P 500 rallying 10% during a previous shutdown [9] Company Insights - Constellation Brands Inc. is expected to report earnings of $3.42 per share on revenue of $2.48 billion [13] - Aehr Test Systems is projected to post a quarterly earnings loss of 1 cent per share on revenue of $10.77 million [13] - Plug Power Inc. has seen a significant rally, climbing over 163.9% in the past month [16]