STOCKS | PG&E Slips on California Liability Bill; Nvidia Gains After Friday Drop

PG&E shares extended losses after California legislators introduced a bill to update the state’s wildfire response without shifting liability away from publicly traded utilities, according to Bloomberg. At least three research firms, including BMO Capital Markets and Wells Fargo, downgraded the stock. Chevron and ExxonMobil rose with oil prices after Washington and Tehran exchanged strikes for the first time in about a month. US Central Command targeted rocket launchers preparing to send mines into the Strait of Hormuz, and the Islamic Revolutionary Guard Corps said it attacked US air bases in Jordan. Nvidia climbed after falling 4.6% Friday and was the only Mag 7 stock rising Monday.