Wall Street’s newest regulator is about to enter his fourth week on the job, and already, he’s staring down a swelling political headache: what to do about prediction markets.

On Wall Street, power company Vistra soared 10.5% to help lead the market after signing a 20-year deal to provide electricity from three of its nuclear plants to Meta Platforms. Big Tech companies have been signing a string of such deals to electrify the data centers powering their moves into artificial-intelligence technology.

President Donald Trump said he wants to ban large, institutional investors from buying single-family homes, arguing corporations are pricing everyday buyers out of the housing market and forcing more families into renting.

Corporate profits and falling interest rates may be enough to lift the S&P 500 to a fourth-straight year of gains, the longest such streak in nearly two decades.

Sandisk surged 27.6% for the market’s biggest gain. The stock’s value has jumped more than 800% since spinning off from Western Digital last February. The gains have been driven by artificial intelligence and the resulting demand for data-storage hardware. Western Digital rose 16.8%.

The stock market faces several headwinds in 2026, but Wall Street still expects another year of double-digit gains.

The Dow Jones index falls on the investigation into Fed Chair Powell. Credit card names fall while Palantir climbs and Nvidia dips.

Recession fears have cooled, but a labor market chart flagged by one bearish strategist might give bullish investors pause.

The S&P 500 increased at 13.5% annually over the last decade, but Wall Street expects slightly lower returns in 2026.

Wall Street's main indexes were set for a muted open on Wednesday, as investors took a breather after the S&P 500 and the Dow hit record highs in the previous session, while awaiting a labor market report due later in the day.