Bloomberg Money Minute: Market Hits Record Highs, Trump Tariffs Ruling Delayed, AI Power Surge

Market Performance and Economic Indicators

• 📈 The Dow and S&P 500 closed at fresh record highs to wrap up the first full trading week of the year.
• 📊 The Dow was up 238 points (almost half a percent), the Nasdaq up 191, and the S&P up 45.
• 📉 The unemployment rate fell to 4.4% despite only 50,000 jobs being added last month.

Supreme Court and Trump Tariffs

• ⚖️ The U.S. Supreme Court did not issue a ruling on the constitutionality of Trump tariffs.
• ⚠️ This decision, which could have significantly impacted the Trump economic agenda, has been delayed.

Energy Sector and AI Growth

• ⚡ Shares of nuclear power company Vistra surged over 10%, and Oklo rose nearly 8%.
• 💡 This surge follows a deal to build new nuclear generators to supply electricity for future artificial intelligence data centers.

Housing Market and Government Data

• 🏠 New home construction tanked in October, falling to its lowest level since the start of the pandemic.
• 📅 This data was delayed due to a government shutdown.