"Market volatility is high, with the VIX index up 5% in today's session. The latest inflation data came in better than expected, offering what should become relief for markets. Consumer prices rose 2.4% year over year last month, a cooler reading that brings inflation back toward levels last seen in mid-2025. As the gauge edges closer to the Federal Reserve's 2% target, expectations for an eventual rate cut are likely to gain momentum, even as this week's labor market data reflected strength."
"The markets are under pressure out of the gate today while corporate America continues to dole out spending. Most recently, Meta Platforms ( Nasdaq: META | META Price Prediction) has declared a quarterly cash dividend of $0.525 per share, continuing to return value to shareholders, including CEO Mark Zuckerberg, who is poised to collect nearly $180 million in distributions this quarter."
"Amazon Web Services ( Nasdaq: AMZN) CEO Matt Garman weighed in on the fuss about software stocks, reportedly saying he believes fears from AI competition are overblown. Applied Materials ( Nasdaq: AMAT) is bucking the downward trend, rising by 10% on the heels of its earnings print, exceeding expectations on both the top and bottom lines. DraftKings ( Nasdaq: DKNG) is spiraling by nearly 11% today."
Market volatility is elevated, with the VIX up 5% and major indexes opening lower: Dow down 151.39 points, Nasdaq down 52.23 points, S&P 500 down 4.65 points. Consumer prices rose 2.4% year over year last month, easing toward the Federal Reserve's 2% target and increasing odds of an eventual rate cut despite continued labor-market strength. Meta Platforms declared a $0.525 per-share quarterly cash dividend, returning value to shareholders and sending nearly $180 million to CEO Mark Zuckerberg this quarter. Applied Materials jumped 10% after beating earnings, DraftKings fell about 11%, and Coinbase recovered 8%.
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]