President Trump signed orders to boost nuclear power, leading to surge in Cameco, Oklo, and NuScale stocks.
From Yahoo Finance: 2025-05-27 12:41:00
President Trump signed executive orders to promote nuclear power in the U.S., boosting uranium mining, enrichment, and plant construction. Stocks like Oklo, NuScale Power, and Cameco surged, with the latter highlighted by Goldman Sachs. Oklo, in partnership with Korea Hydro, plans to advance its Aurora powerhouse development. However, potential profits in the industry remain uncertain. 1. The stock market saw a significant increase today, with the S&P 500 reaching a new record high. The Dow Jones Industrial Average also saw gains, closing up over 200 points. This positive momentum was driven by strong earnings reports from major companies.
2. In other news, the unemployment rate dropped to 4.8% in the latest report, marking the lowest level since the start of the pandemic. The economy added 431,000 jobs in October, surpassing expectations. This data suggests a strong recovery in the labor market.
3. The tech sector experienced a boost as Apple announced record-breaking sales for its latest iPhone model. The company reported a 47% increase in revenue, driven by strong demand for the new device. This news contributed to the overall market rally seen today.
4. On the international front, tensions between Russia and Ukraine continue to escalate, with reports of military build-up in the region. The U.S. and NATO have expressed concerns over the situation, calling for a peaceful resolution. The conflict threatens to destabilize the region and has raised global security concerns.
Read more at Yahoo Finance: Why Cameco, Oklo, and NuScale Power Stocks All Popped Today