Dow Jones futures declined slightly amid a mixed market session where Netflix missed earnings, leading to a stock drop, while gold suffered its worst one-day loss in 12 years. The market showed strength with the Dow hitting a record high, but underlying sectors like gold, nuclear, and data-center stocks faced significant pressure, reflecting cautious investor sentiment amid upcoming earnings and geopolitical concerns.
Nuclear stocks such as NuScale and Oklo experienced mixed trading following an announcement related to the army, though specific details are not provided in the excerpt.
Oklo, a nuclear power startup, experienced a significant stock decline after reaching a record high, amid ongoing developments in small modular reactors (SMRs) and mixed analyst opinions. Despite a 500% increase this year, the stock remains unprofitable with plans to commercialize its first reactor by 2028, while broader nuclear stocks also faced declines. The sector is supported by government backing and strategic partnerships, but valuation concerns persist.
BWX Technologies secured a $1.5 billion contract to support the U.S. government's goal of increasing domestic uranium enrichment, fueling a rally in uranium-related stocks amid broader efforts by the Trump administration to boost U.S. nuclear capabilities and reduce reliance on imports.
Nuclear stocks, led by BWX Technologies, surged after strong Q2 earnings and optimistic guidance, amid reports of plans to build a nuclear reactor on the moon supported by the Trump administration's renewed focus on nuclear energy.
President Trump's recent executive orders supporting nuclear energy have led to upgrades in nuclear stocks like Oklo, Centrus Energy, and BWX Technologies, with analysts viewing these moves as a significant shift in U.S. energy policy that could boost domestic nuclear power development and uranium supply chains.
Cathie Wood's Ark Invest sold some nuclear stocks like Oklo and Cameco amid a rally triggered by President Trump's executive orders supporting nuclear energy, which aim to streamline regulations and boost domestic uranium production, benefiting the sector.
