Indian Energy Exchange shares saw a surge as the Electricity Appellate Tribunal prepares to hear arguments on market coupling. This crucial case could reshape electricity price discovery, impacting IEX’s dominant market share. Investor optimism grew following the regulator’s willingness to reconsider its earlier order, with today’s hearing expected to provide further clarity.
US stocks today: S&P 500, Nasdaq end higher, notch weekly gains after earnings-heavy week
The S&P 500 and Nasdaq reached record highs, fueled by strong earnings and falling crude prices, marking their longest weekly gain streak since October 2024.