BUZZ-Nuclear stocks rally after Fed's Powell hints at lower interest rates
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Shares of U.S. nuclear-linked stocks surged following Federal Reserve Chair Jerome Powell's hints at potential interest rate cuts. Lower rates would reduce financing costs for long-term projects like nuclear power plants. Notable gains included Cameco (up 4%), Centrus Energy (up 4.1%), and Uranium Energy (up 7.5%). Companies developing small nuclear reactors also saw increases, with NuScale Power rising 5.3%. Nuclear utilities like GE Vernova and Vistra also experienced modest gains.
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