Why Oklo Stock Is Dropping Again On Friday

Shares of the nuclear power start-up Oklo (NYSE: OKLO) are pulling back Friday, down 9.4% as of 1:37 p.m. ET. The stock is falling alongside the broader market after today's release of a key inflation gauge, the producer price index (PPI), which came in scorching hot: core wholesale prices jumped 0.8%. That was nearly triple what economists expected. Why hot inflation is hurting Oklo stock Why does that matter? When inflation runs hot, the Federal Reserve keeps rates higher for longer, which tends to dr ...