Stock Track | Oklo Inc. Soars 6.14% as Board Member Tapped for Key Role, Energy Stocks Rally

Stock Track11-19

Oklo Inc. (OKLO) saw its shares surge 6.14% on Monday, closing at $21.58 in a broad rally for energy and materials stocks. The nuclear reactor developer emerged as one of the biggest gainers on the day.

A key driver behind Oklo's rise was the news that board member Chris Wright, CEO of Liberty Energy, has been selected by President-elect Donald Trump to lead the Department of Energy. This appointment is seen as a positive for the nuclear energy industry, which falls under the DOE's oversight.

Additionally, the stock benefited from a pause in the US dollar's recent rally, providing a tailwind for commodity-linked sectors like energy and materials. Gold miners and silver producers were among the top advancers as the dollar's upward momentum stalled.

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