In Michigan, emergency crews are actively working to restore power to hundreds of thousands of homes and businesses following severe storms that swept through the region last night. The impact of the storms has left many residents without electricity, prompting a swift response from local utility companies.

In a positive development for the economy, the U.S. Department of Energy reported that the green energy sector has experienced significant job growth in 2023, adding 142,000 jobs, which represents a 4.2% increase from the previous year. This growth rate is more than double that of the overall economy, which saw a job growth rate of 2%. Notably, more than half of the 250,000 jobs added in the energy sector last year were in clean energy, encompassing industries such as wind, solar, and nuclear power.

On Wall Street, however, the mood was less optimistic as stocks closed lower. The Dow Jones Industrial Average fell nearly 160 points, while the Nasdaq dropped nearly 200 points, reflecting a decline of over 1%. The S&P 500 also ended the day in the red as investors prepared for a major earnings report from AI giant Nvidia, contributing to the cautious market sentiment.