US stocks rose on hopes the Fed will cut rates next week after a wave of economic data, though a drop in Microsoft shares capped gains. Private payrolls fell and services growth was steady as investors weighed the post-shutdown data backlog https://reut.rs/4oujWZZ | Reuters

With Big Tech companies spending billions on power infrastructure for AI, Matt Sallee of Tortoise Capital explains why investors may want to focus on energy companies and component suppliers rather than tech firms themselves. | Reuters