Discover Rises on FDIC Deal, GameStop Slumps Despite CEO Change, NextEra Energy Sinks on Growth Concerns
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Discover Financial shares rose after reaching an agreement with the FDIC to improve compliance and customer service.
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GameStop shares fell to 2.5-year lows despite new CEO announcement, as investors question whether leadership change is enough.
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NextEra Energy stock dropped significantly following a downgrade for NextEra Energy Partners.
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Wells Fargo downgraded NextEra after the company trimmed its growth goal, marking a 6-day decline.
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Higher interest rates are posing challenges for utility stocks like NextEra as debt costs rise and yields compete with treasuries.