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CVU News30 articles
Dow Drops 418 Points as Oil Supply Fears Eclipse Tame CPI Data
The Dow Jones Industrial Average declined 418 points Wednesday as investor focus shifted from benign inflation data to escalating oil supply risks stemming from Middle East conflict. Oracle stock jumped sharply on an upbeat revenue forecast.
Dollar Firms Ahead of US CPI Data as Geopolitical Tensions, Oil Surge Rattle Markets
The US dollar maintained strength against the euro, trading near 0.86 (EUR/USD ~$1.1615), as markets braced for US inflation data and grappled with oil supply fears. The euro has declined roughly 1.5% since the late-February attack on Iran.
XRP Consolidates Near $1.38 Amid Australian License Bid and CPI Caution
XRP held near $1.38, retreating from a $1.44 peak, as Ripple moved to acquire a payments firm for an Australian license. The broader cryptocurrency market declined ahead of key U.S. inflation figures.
CPI Report Awaited as Oracle Surges, Oil Volatility Rattles Markets
Wall Street futures were muted early Wednesday as investors braced for the February Consumer Price Index report. Oracle shares surged premarket after lifting its revenue target, while oil prices recovered from a steep sell-off.
Meta Faces CPI, Regulatory Hurdles, and Soaring AI Costs
Meta shares declined amid EU regulatory pressure and ballooning AI infrastructure costs, with investors shifting focus to upcoming U.S. inflation reports and global market cues.
SanDisk Plunges 17% Ahead of Key Conference, CPI Data
SanDisk shares dropped 6.8% on Friday, closing at $527.33, marking a 17% weekly decline. The selloff extended across memory and storage stocks, with Micron, Western Digital, and Seagate also posting losses.
Apple's March 11 Launch and CPI Data Set to Test Investor Sentiment
Apple shares closed at $257.46 ahead of a critical week featuring new product launches and the February CPI report. The company's strategic push into lower-priced hardware faces a market test amid inflation concerns.
NAB Earnings Surge Lifts Shares; Westpac Slips as Market Eyes CPI
National Australia Bank surged to a record high following strong quarterly earnings, while Westpac shares declined. The market's focus now shifts to upcoming inflation data.
Markets Pause for Holiday as Investors Eye CPI, Fed Minutes, Walmart
U.S. equity markets were closed Monday for the Presidents Day holiday, pausing after a mixed Friday session. Investors are assessing cooler inflation data and preparing for a week packed with Federal Reserve insights, economic reports, and earnings from retail giant Walmart.
TSX Closed for Holiday, Investors Eye Oil, Gold, and Key CPI Data Ahead of Reopening
The Toronto Stock Exchange is closed Monday for Family Day, with trading set to resume Tuesday. Investors are monitoring commodity price shifts and awaiting key Canadian inflation data.
Silver Rebounds on Soft CPI, Traders Eye Fed Minutes and GDP Data
Spot silver rallied 3.4% to $77.70 per ounce Friday following softer-than-expected U.S. inflation data, reducing its weekly decline to 0.3%. The rebound came after an 8.9% plunge Thursday triggered by strong employment figures and stop-loss selling.
Dow Steady After Mild CPI; Fed Minutes, GDP, and PCE Data Ahead
The Dow Jones Industrial Average closed slightly higher Friday at 49,500.93 following a softer-than-expected inflation reading, though it posted a weekly loss of 1.2%. Attention now turns to Federal Reserve minutes and critical economic data due after the Presidents Day holiday.
AGNC Dips on CPI Data, Dividend Set as Fed Minutes Loom
AGNC Investment Corp shares declined slightly Friday as Treasury yields fell following cooler-than-expected U.S. inflation data. The mortgage REIT declared a February dividend of $0.12 per share.
Dow Closes Near 49,500 as Softer CPI Eases Rate Fears
The Dow Jones Industrial Average closed at 49,500.93 Friday, lifted by a cooler-than-expected inflation report. The blue-chip index still fell 1.2% for the week.
Silver Rebounds on Rate-Cut Hopes After Cooler CPI Data
Silver prices stabilized near $77.30 an ounce following a sharp Friday rebound, driven by increased bets for a June Fed rate cut after cooler inflation data. The iShares Silver Trust (SLV) rose 2.9%.
BAC Slips on CPI Data, Legal Headwinds; Fed Minutes Loom
Bank of America shares edged lower Friday, pressured by cooling inflation data and a new legal development. Markets look ahead to the release of Federal Reserve meeting minutes.
Goldman Sachs Legal Chief Exits Amid Epstein Scrutiny as Stocks React to CPI Data
Goldman Sachs Group Inc. saw its stock dip following the resignation of Chief Legal Officer Kathy Ruemmler, linked to her past association with Jeffrey Epstein. The move coincided with a softer-than-expected inflation reading that influenced broader market sentiment.
American Airlines Stock Holds Steady Amid Union Pressure, CPI Data Awaited
American Airlines stock remained flat near $14.05 in premarket trading as labor unions intensified pressure on management, with a key inflation report due.
AT&T Edges Lower Pre-Market as RBC Boosts Target, CPI Data Awaited
AT&T shares declined 0.2% in pre-market trading Friday, despite RBC Capital lifting its price target to $31. Market attention shifts to the January CPI report for clues on inflation and monetary policy.
Coinbase Rebounds on Buyback Plan Despite Q4 Loss; CPI Data Awaited
Coinbase stock gained over 6% in premarket trading following a new $2 billion share repurchase program, countering a quarterly loss driven by crypto portfolio declines. The market now awaits U.S. CPI data.
Amphenol Shares Dip in After-Hours Amid 10-K Review, CPI Anticipation
Amphenol shares declined slightly in extended trading following a volatile session, as the market digested the company's annual report and looked ahead to Friday's consumer price index release.
Analog Devices Dips After Barclays Upgrade, Eyes Earnings and CPI
Analog Devices shares declined 1.7% to $331.38, pulling back from a recent peak. The drop occurred even as Barclays upgraded the stock, citing potential industrial recovery.
IREN Tumbles 6% Amid Bitcoin Retreat, CPI Jitters Weigh
IREN stock dropped 6.1% to $40.06, underperforming peers as Bitcoin fell 2.7%. Investors reduced risk exposure before Friday's inflation report.
P&G Stock Gains as Investors Seek Safety Ahead of CPI Report
Procter & Gamble stock advanced as traders sought shelter in defensive sectors before Friday's CPI release. The company reaffirmed its fiscal 2026 outlook.
Mastercard Shares Dip Amid Fee Settlement Scrutiny, CPI Awaited
Mastercard shares fell 1.2% to $530.99 as payment stocks retreated ahead of key inflation data. Major retailers are pushing for a hearing on a proposed interchange fee settlement.
Bloom Energy Shares Slide 9% Amid AI Spending Doubts, CPI Wait
Bloom Energy shares dropped 9.2% Thursday, reversing early gains as tech stocks retreated. Investors weighed the company's $6 billion backlog against uncertainty over AI infrastructure spending and Federal Reserve policy.
Lam Research Dips Amid Export Settlement, CPI and Applied Materials Results Loom
Lam Research shares declined slightly in volatile trading as the sector digested a major export-control settlement and awaited key inflation data and peer earnings.
Goldman Sachs Shares Slide 3.8% Amid Sector-Wide Retreat Ahead of CPI
Goldman Sachs shares dropped 3.8% to $908.84 Thursday, mirroring a broad decline in financial stocks as markets await Friday's crucial inflation report.
Lam Research Shares Dip Amid Insider Sale; Market Awaits CPI and Applied Materials Earnings
Lam Research stock declined 0.75% to $229.28, partially recovering after hours, following an SEC filing revealing a director's share sale. Focus shifts to upcoming inflation data and Applied Materials' quarterly results.
Visa, Mastercard Retreat Amid Tech Rebound; Focus Turns to Jobs, CPI Data
Visa shares fell 1.8% to $325.58, with Mastercard down 2.4%, as payment networks lagged a broader market rally. Investors are awaiting key U.S. payrolls and inflation figures due this week.