Why Is This Obscure Corner of the Stock Market Exploding Higher?

why is this obscure corner of the stock market exploding higher

Sumary of Why Is This Obscure Corner of the Stock Market Exploding Higher?:

  • The Nasdaq Composite (NASDAQINDEX:^IXIC) and S&P 500 (SNPINDEX:^GSPC) slightly outperformed the Dow Jones Industrial Average (DJINDICES:^DJI), but all three benchmarks were significantly higher on the day.
  • Index Percentage Change Point Change Dow +0.68% +237 S&P 500 +0.85% +38 Nasdaq +0.82% +124 Data source: Yahoo!
  • “Clean” energy The big question in the energy industry has been whether plans to shutter nuclear power plants will go forward.
  • On the one hand, the dangers of such plants are well-known, with the Fukushima Daiichi disaster in 2011 prompting many countries around the world that had historically relied on nuclear power to make plans to transition away from uranium.
  • Roughly half of nuclear power plants in the U.S. are scheduled to close in the next decade.
  • However, ambitious goals to reduce carbon emissions could lead to a change of heart regarding nuclear power.
  • By carbon-centered definitions, nuclear energy is “clean,” despite the challenges of disposing of waste material and preventing catastrophic plant failures.

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