HPE Shares Rise, NextEra Falls, Robinhood Launches Stock Tokens

On this edition of Stock Movers:

- Hewlett Packard Enterprise (HPE) and Juniper Networks (JNPR) shares rose after the two tech firms and the Department of Justice announced they had reached a deal for both companies to merge.

- NextEra Energy (NEE) and other renewable energy companies fell after Republican lawmakers are debating a bill that ramps up President Donald Trump’s assault on wind and solar power, a worse-than-expected jolt that would drive up costs for clean energy while providing aid for fossil fuels.

- Robinhood (HOOD) shares hit a record high after the company is rolling out tokenized US securities available to 150,000 customers in 30 countries, 24 hours a day, five days a week. The company will own the shares backing the tokens, a spokesperson said, and while token holders will have most of the benefits of the underlying security, including dividends, voting rights won’t be initially supported. Bloomberg News previously reported that the product was in development.

See omnystudio.com/listener for privacy information.