Major U.S. equities indexes pushed higher Thursday in a half-day of trading as the nation geared up for Independence Day celebrations over the three-day weekend.
Shares of renewable energy companies are rising after a tax on solar and wind was removed from the Senate version of the One Big Beautiful Bill Act. The Senate narrowly passed the legislation Tuesday and will now be considered by the House of Representatives.
The Senate is voting on a version of President Donald Trump's spending legislation that would slam the solar and wind industries. The legislation is close to a worst case scenario for renewable energy, Morgan Stanley analyst Andrew Percoco told clients.
The second half of 2025 offers a chance for investors to shake off the cobwebs of tariffs and recession fears and focus on where the market is going, rather than where it has been. Archer Aviation (ACHR -0.60%) has been on a roller coaster, while Cognex (CGNX 0.79%) and First Solar (FSLR -0.21%) have sold off considerably year to date.
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