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Evolent Health and iRhythm 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.
Why Robinhood (HOOD) Shares Are Trading Lower Today
Shares of financial services company Robinhood (NASDAQ:HOOD) fell 5% in the afternoon session after a key inflation report came in hotter than expected, renewing concerns about the path of future interest rate cuts.
Shift4, Affirm, Voya Financial, StepStone Group, and Ares Stocks Trade Down, What You Need To Know
A number of stocks fell in the afternoon session after the release of a stronger-than-anticipated Producer Price Index (PPI) report showed wholesale inflation rose more than expected in January.
Why LPL Financial (LPLA) Stock Is Falling Today
Shares of independent financial services firm LPL Financial (NASDAQ:LPLA) fell 6.5% in the afternoon session after the release of a stronger-than-anticipated Producer Price Index (PPI) report showed wholesale inflation rose more than expected in January.
Why Morgan Stanley (MS) Shares Are Getting Obliterated Today
Shares of global financial services firm Morgan Stanley (NYSE:MS) fell 6.6% in the afternoon session after the release of a stronger-than-anticipated Producer Price Index (PPI) report showed wholesale inflation rose more than expected in January.
Hercules Capital and Sallie Mae Shares Are Falling, What You Need To Know
A number of stocks fell in the afternoon session after the release of a stronger-than-anticipated Producer Price Index (PPI) report showed wholesale inflation rose more than expected in January.
Jefferies, Interactive Brokers, Evercore, LendingClub, and PROG Shares Plummet, What You Need To Know
A number of stocks fell in the afternoon session after the release of a stronger-than-anticipated Producer Price Index (PPI) report showed wholesale inflation rose more than expected in January.
Why Goldman Sachs (GS) Stock Is Down Today
Shares of global investment bank Goldman Sachs (NYSE:GS) fell 7.6% in the afternoon session after the release of a stronger-than-anticipated Producer Price Index (PPI) report showed wholesale inflation rose more than expected in January.
Ally Financial, Stifel, Piper Sandler, Perella Weinberg, and Moelis Shares Plummet, What You Need To Know
A number of stocks fell in the afternoon session after the release of a stronger-than-anticipated Producer Price Index (PPI) report showed wholesale inflation rose more than expected in January.
Duolingo, Carvana, Revolve, EverQuote, and Fiverr Stocks Trade Down, What You Need To Know
A number of stocks fell in the afternoon session after a key inflation report came in hotter than expected, renewing concerns about the path of future interest rate cuts. The Producer Price Index (PPI), which measures wholesale inflation, rose 0.5% in January, significantly higher than the 0.3% anticipated by economists. Even more concerning was the core PPI, which excludes volatile food and energy prices, as it jumped 0.8%, more than double the 0.3% forecast. This surprisingly strong inflation data suggests that the Federal Reserve may need to maintain its restrictive monetary policy for longer than investors had hoped. The prospect of delayed interest rate cuts tends to weigh on growth-oriented sectors like technology, as higher rates can reduce the future value of their earnings, leading to a broad-based sell-off in the sector.