Good evening. Wall Street keeps setting records, and tonight a twenty-year power deal was the main driver instead of an earnings beat. Google locked in Constellation Energy for the next twenty years, and Australian uranium miners priced it in before most of Sydney had its coffee.

The S&P 500 closed at a record 7,818.93 on Tuesday, up 0.58%, while the Nasdaq Composite added 0.45% to a fresh record 27,599.79 and the Dow rose 0.49% to 51,521.28, Yahoo Finance and TheStreet report. Constellation Energy jumped 12.3% after signing a 20-year, $4.3 billion deal to supply Google with 890 megawatts of new nuclear capacity. Nvidia pushed toward a $6 trillion valuation as the 10-year Treasury yield eased to 5.275%, down from Monday's one-year high.

The spillover hit Australia before Wall Street had even opened. The ASX 200 closed almost unchanged on Wednesday, down 0.01%, but underneath that flat headline number, uranium miners surged on the same Google deal: Deep Yellow jumped 9.2%, Silex Systems rose 7.6%, Paladin Energy gained 6.0% and NexGen Energy added 5.1%. Materials fell 0.6% overall as lithium stocks gave back recent gains, Core Lithium down 6.6% and Liontown off 3.6%, while the 30-year bond yield hit 5.88%, its highest since the benchmark launched in October 2016. Source: Yahoo Finance, 6 Oct 2026 → · Source: TheStreet, 6 Oct 2026 → · Source: Market Index, 7 Oct 2026 →

NZX slips as Infratil trims its CDC Data Centres valuation. New Zealand's benchmark index fell 16.08 points, or 0.1%, to 13,684.04 on Wednesday, with 25 stocks down against 21 up. Infratil led the fallers, down 0.9% to $13.70, after trimming the valuation of its CDC Data Centres stake by A$78 million to A$18.45 billion, citing higher financing costs. Source: The Bottom Line, 7 Oct 2026 →

Oil near $101 as the Yemen-Saudi standoff drags on, unchanged. Brent crude rose about 1% to $101.56 a barrel on Wednesday, while the US benchmark WTI sat near $87.77 after dropping 1.86% on Tuesday as the G7's planned release of up to 100 million barrels from strategic reserves eased supply fears. The Yemen-Saudi standoff, a running story for weeks now, produced no fresh attack or breakthrough in the past day. Source: The Bottom Line, 7 Oct 2026 → · Source: TheStreet, 6 Oct 2026 →

Marvell lifts its 2028 revenue target to $20 billion on AI demand. Marvell Technology shares jumped as much as 7% on Tuesday after the chipmaker raised its fiscal 2028 revenue outlook to roughly $20 billion, up from the $18 billion it guided in August. CEO Matt Murphy told investors the new figure represents about 67% growth, driven by custom AI chips the company builds for Amazon, Google and Microsoft's data centres. Source: Yahoo Finance, 6 Oct 2026 → · Source: TheStreet, 6 Oct 2026 →

Tonight's board has one story underneath five different tickers: the AI buildout is now a power and infrastructure trade, not just a chip trade, and it's pulling two different costs in opposite directions at once.

Wall Street and Australian uranium miners got the good version tonight, a twenty-year contract locking in cheap, guaranteed power for decades. Infratil in New Zealand got the other version, a markdown because the cost of borrowing to build the very same kind of asset just went up. Same boom, different side of the ledger.