Disinflation Trend Resurfaces: 10 Stocks That Gained After CPI Dropped to 2.7%
Wall Street Reaction: Wall Street experienced a surge following a cooler-than-expected inflation report, indicating easing price pressures and maintaining confidence in the Federal Reserve's policy direction.
Inflation Data: The Consumer Price Index (CPI) rose 2.7% year-over-year in November, lower than previous months and below economists' expectations, with core CPI at 2.6%, the lowest since March 2021.
Economists' Insights: Economists welcomed the inflation data but cautioned about potential distortions from shelter costs and government shutdown impacts, noting that core goods inflation shows promising signs.
Stock Market Performance: Following the inflation report, several large-cap stocks saw significant gains, with Maplebear Inc. and AST SpaceMobile Inc. among the top performers in the market.
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KLA Shares Plummet Despite Strong Earnings Report: What’s Impacting the Chip Equipment Leader?
KLA Corp. Earnings Report: KLA Corp. reported higher-than-expected earnings, indicating strong performance in the chip-manufacturing equipment sector.
Stock Performance: Despite the positive earnings report, KLA Corp.'s stock is experiencing a decline.
Management's Forecast: The company's financial forecasts were deemed unimpressive when compared to recent guidance provided by competitor Lam Research.
Market Reaction: The combination of strong earnings but weak forecasts has led to a negative market reaction for KLA Corp.'s shares.
SoFi Reports Strong Earnings Exceeding Expectations; CEO Calls Fourth Quarter 'Exceptional'
- Quarterly Performance: SoFi Technologies reported quarterly earnings and revenue that exceeded expectations.
- Milestone Achievement: The company celebrated its “first billion-dollar quarter.”
