March madness for energy stocks appears to be over.

The data center trade is getting a big, broad reboot Wednesday.

Today’s rally stands in stark contrast to the pummeling these shares have endured over the last week.

“We’re not ready to announce anything today,” Constellation’s CEO said.

Giant producers Emirates Global Aluminium and Aluminum Bahrain both confirmed strikes on operations over the weekend.

Amid the Iran war, the company’s close identification with US military and intelligence activity has generated pushback in some other business lines.

The sector, which was battered this week by new details of Google’s TurboQuant algorithm, is holding up better on Friday.

Unlike earlier this week, markets are attuned to facts on the ground, troop movements, and the continued closure of the strait.

The Nasdaq joins the Russell 2000, which slipped into a correction last week.

Sometimes there’s only one story in the markets. This is one of those times.