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- On The Daily (OTD) - 14th October 2024
On The Daily (OTD) - 14th October 2024
Top Stories Today: US Stocks and Google.

Table of Contents
Top Stories Today
Economy & Finance
US Stocks
U.S. stock futures held steady Monday night, following record highs for the Dow Jones and S&P 500, fueled by tech sector gains, especially Nvidia's 2.4% rally. The Dow closed above 43,000 for the first time, supported by strong momentum in information technology stocks. As earnings season continues, major banks like Goldman Sachs, Citigroup, and Bank of America are set to report, along with companies like United Airlines and Walgreens. Investors are also watching upcoming economic reports and comments from Federal Reserve officials on consumer expectations and manufacturing trends.
Technology
Google has entered into a landmark agreement with Kairos Power to purchase electricity from a series of small modular reactors (SMRs), making it the first company to commit to a corporate power deal involving this type of nuclear technology. Aimed at supporting the increasing energy demands of artificial intelligence, the agreement outlines plans to bring Kairos' initial reactor online by 2030, with more installations projected through 2035, eventually providing Google with 500 megawatts of power. Although financial terms and specific U.S. locations remain undisclosed, Google is signaling a long-term investment in SMRs as part of its clean energy strategy. This move aligns with recent trends among tech giants, as Microsoft and Amazon have similarly pursued nuclear energy partnerships to power their data centers.
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