VanEck Uranium and Nuclear ETF is trading at $124.95 (-5.03%) after a strong May jobs report dampened rate-cut hopes and pressured rate-sensitive utilities.
- Utilities and nuclear-related holdings are weaker as investors de-risk, with the fund underperforming the broader risk-off tape.
- Broader markets are lower as well, with the S&P 500 and Nasdaq both down sharply, reinforcing the downward move.