NLR is trading at $96.04 (-3.36%) as hotter-than-expected September CPI lifted rate concerns and pressured rate-sensitive utilities.
- September CPI came in at 3.7% year over year and 0.6% month over month.
- Nuclear and uranium equities also sold off: Oklo and Centrus Energy were reported down about 5%, while Energy Fuels fell 9%.
- Broad equities were weaker, but nuclear-sector selling and inflation-driven rate pressure appear more directly relevant to NLR’s decline.