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Why Axos Financial (AX) Shares Are Sliding Today
Shares of digital banking company Axos Financial (NYSE:AX) fell 8.9% in the afternoon session after a key inflation report came in higher than expected, sparking a broad market sell-off that hit financial stocks particularly hard.
Why SouthState (SSB) Stock Is Falling Today
Shares of regional banking company SouthState (NYSE:SSB) fell 5.9% in the afternoon session after a broad sell-off in the financial sector was fueled by a hotter-than-expected inflation report and rising concerns over credit quality.
Why Delta (DAL) Shares Are Getting Obliterated Today
Shares of global airline Delta Air Lines (NYSE:DAL) fell 6.4% in the afternoon session after a surge in crude oil prices sparked concerns about rising jet fuel costs, which could cut into the airline's profits.
Why Bank of Hawaii (BOH) Shares Are Trading Lower Today
Shares of regional banking institution Bank of Hawaii (NYSE:BOH) fell 5.1% in the afternoon session after a government report showed wholesale inflation was higher than expected, fueling concerns about credit risk and the potential for interest rates to remain elevated.
Ocular Therapeutix (OCUL) Stock Trades Down, Here Is Why
Shares of ophthalmology biopharmaceutical company Ocular Therapeutix (NASDAQ:OCUL) fell 8.6% in the afternoon session after a surprisingly hot wholesale inflation report fueled investor concerns about persistent price pressures.
Why Zeta Global (ZETA) Stock Is Trading Lower Today
Shares of marketing technology company Zeta Global (NYSE:ZETA) fell 7.1% in the afternoon session after a key inflation report came in higher than anticipated, triggering a broad sell-off in the stock market that particularly affected technology companies. The U.S. Producer Price Index (PPI), a measure of wholesale inflation, rose by 0.5% for the month, exceeding expectations of a 0.3% increase. This unexpectedly high figure fueled concerns about persistent inflation. In response to the data, the wider market saw a downturn, with the S&P 500, Dow Jones, and Nasdaq all declining. The report prompted traders to shun riskier assets, and technology stocks were among the hardest hit in the sell-off.
Why Byrna (BYRN) Stock Is Down Today
Shares of non-lethal weapons company Byrna (NASDAQ:BYRN) fell 5.5% in the afternoon session after the company's stock fell amid a broader market downturn triggered by hotter-than-expected inflation data.
Clover Health, Alignment Healthcare, Solventum, ANI Pharmaceuticals, and Guardant Health Shares Plummet, What You Need To Know
A number of stocks fell in the afternoon session after a surprisingly hot wholesale inflation report fueled investor concerns about persistent price pressures.
Victoria's Secret, Boot Barn, Urban Outfitters, America's Car-Mart, and Camping World Stocks Trade Down, What You Need To Know
A number of stocks fell in the afternoon session after the release of a stronger-than-expected Producer Price Index (PPI) for January, fueled concerns about inflation and its impact on consumer spending.
PacBio, Myriad Genetics, LeMaitre, Hims & Hers Health, and GoodRx Shares Are Falling, What You Need To Know
A number of stocks fell in the afternoon session after a surprisingly hot wholesale inflation report fueled investor concerns about persistent price pressures. The Producer Price Index (PPI), a key measure of inflation at the wholesale level, increased by 0.5% in January, significantly higher than the 0.3% anticipated by economists. More concerning was the core PPI, which excludes volatile food and energy prices, as it surged by 0.8%, far exceeding the expected 0.3% rise. This data suggests that inflation may be more entrenched than previously thought, potentially impacting future interest rate decisions. In response to the news, major market indices, including the S&P 500, Dow Jones, and Nasdaq, all traded sharply lower as investors reassessed the economic outlook.