U.S. Stocks Near Record Highs as Oil and Bond Yields Retreat; Constellation Energy Surges on Google Power Deal

U.S. equity markets climbed toward fresh records on Tuesday as oil prices dipped and Treasury yields eased, bolstering investor sentiment ahead of the upcoming earnings season. Meanwhile, Constellation Energy shares leapt sharply after securing a major long‑term power purchase deal with Google.

Broad Markets Rally as Oil and Yields Retreat

The S&P 500 and Nasdaq Composite both reached record highs, buoyed by retreating energy prices and declining bond yields that eased financial conditions for equities. On Tuesday morning, the S&P 500 climbed around 0.6% intraday, while the Nasdaq and Dow also posted gains, with the Nasdaq hitting new highs on bullish investor sentiment. The rallies were supported by sector‑wide strength, particularly in information technology.

Key drivers included a pullback in Brent crude oil prices—down roughly 2% to under $100 per barrel—which helped alleviate inflation pressures. At the same time, the 10‑year U.S. Treasury yield eased from multi‑year highs, reducing financing costs and improving valuations for growth stocks. Market attention is also turning to the forthcoming quarterly earnings period, adding to optimism across U.S. equities.

Constellation Energy Jumps on Google Nuclear Power Pact

In the utility sector, Constellation Energy’s stock was a standout mover, surging approximately 13% during Tuesday’s session. The rebound came after the company announced a landmark 20‑year power purchase agreement with Google for 890 megawatts of nuclear-generated electricity. The deal, backed by an estimated $4.3 billion in investment, will enable upgrades at eleven existing nuclear plants in the PJM grid, delivering reliable clean energy starting in 2028.

This strategic partnership with a tech industry heavyweight underscores a broader trend of hyperscalers securing long‑duration clean energy supplies to power data center expansion. The announcement significantly boosted Constellation Energy’s outlook and catalyzed its stock’s strongest move in recent sessions.

Outlook and What Investors Should Watch

The combined rally in broad markets and the surge in Constellation Energy highlight two key themes for U.S. investors: the relief in energy and bond markets reviving equity momentum, and the growing importance of utility companies as infrastructure partners in the AI and tech boom.

Looking ahead, investors will closely monitor upcoming quarterly earnings reports to assess whether corporate results justify the optimism driving market valuations. Additionally, Federal Reserve signals, oil market developments, and Treasury yield dynamics will remain key macro drivers.

For Constellation Energy, further clarity on earnings impact, project timelines, and execution risk around the Google agreement will be important to support continued confidence in the stock.