Oklo-Air Force deal, platinum rally, Victoria's Secret guidance
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Yahoo Finance host Brad Smith tracks today's top moving stocks and biggest market stories in this Market Minute, including the US Air Force selecting Oklo (OKLO) to provide nuclear power to an Alaskan base, platinum prices (PL=F) surging on supply constraints, and Victoria's Secret (VSCO) issuing softer-than-expected guidance while facing pressures from activist investment firm BBRC International.
Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute.
It's time for Yahoo Finance's Market Minute. First up, O'Clair shares surging as the company is tentatively selected to provide nuclear power to an Air Force base in Alaska. This comes after a nearly two-year delay. O'Clair was initially awarded the project back in 2023, but the process was halted due to protests from its competitors.
Platinum prices also jumping today, up over 4%. The precious metal, which is used in electric vehicles, jewelry, and industrial applications, up about 40% year to date. Limited supplies caused by trade disputes and declining outputs are boosting prices, according to Bloomberg reports.
And Victoria's Secret issuing a disappointing outlook for its current quarter, sending shares lower. The retailer is currently facing pressure from one of its largest investors, BBRC. The firm accusing Victoria's Secret of mismanagement and calling for a complete overhaul of its board.
And that's your Yahoo Finance market update Market Minute. Scan the QR code below to track the best and worst performing stocks.
