Why did constellation energy drop five dollars today?

Constellation Energy (CEG) experienced a decrease of 1.85% in its stock price on November 1, 2024, which can be attributed to the following factors:

1. **Earnings Report**: Constellation Energy was scheduled to report its third-quarter 2024 results on November 4, 2024, which is prior to the market open on November 1. The anticipation of this earnings report can sometimes lead to volatility in the stock price as investors adjust their expectations based on the upcoming release.
2. **Dividend Declaration**: Constellation Energy declared a quarterly dividend of $0.3525 per share, payable on December 6, 2024, to shareholders of record as of November 15, 2024. While dividends are generally positive for shareholders, the announcement of a dividend can sometimes lead to a small dip in the stock price as the market adjusts to the new payout ratio.
3. **Market Conditions**: The overall market conditions, including the presidential election, the next Federal Reserve meeting, and a continued earnings wave, can create uncertainty and lead to a sell-off in certain stocks, including Constellation Energy.

In conclusion, the decline in Constellation Energy's stock price on November 1, 2024, can be attributed to a combination of factors including the upcoming earnings report, the declaration of a dividend, and broader market conditions.