NLR is trading 4.5% higher in pre-market action as global risk appetite improves and energy-related assets rebound alongside firmer U.S. equity futures.
- The ETF is benefiting from easing Iran tensions that pushed oil prices lower, helping to stabilize inflation fears and support the utilities sector.
- Gains are being driven by strength in energy-linked names tied to nuclear power generation within the MVIS Global Uranium & Nuclear Energy Index.