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PMTS News29 articles
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.
Ripple Expands Custody Services Amid XRP Price Volatility and CPI Watch
XRP declined 0.3% to $1.44, extending a weekly loss of 12%, as Ripple announced new custody partnerships with Securosys and Figment. XRP investment products saw $63.1 million in inflows last week despite broader crypto outflows.
Roblox Jumps on Roth MKM Upgrade, Eyes CPI Data
Roblox shares climbed approximately 10% Monday after Roth MKM upgraded the stock to 'buy' and lifted its price target to $84, extending a rally fueled by a strong long-term bookings outlook.
Dow Futures Edge Higher Amid Mixed Premarket Action, Focus on Jobs and CPI Data
U.S. stock futures were mixed early Monday, with Dow futures gaining while S&P 500 and Nasdaq 100 futures dipped. Investors await key January employment and inflation reports later this week.
PepsiCo Gains 10% Amid Rotation to Staples, Eyes CPI and CAGNY
PepsiCo shares surged 10% this week, closing at $170.49, as investors rotated into defensive consumer staples. Key inflation data and the company's upcoming CAGNY presentation are in focus.
PetroChina A-Shares Approach 52-Week High Amid Oil Volatility, CPI Data Awaited
PetroChina's A-shares rose 2.3% to 10.77 yuan, nearing a yearly peak as crude prices fluctuated. Upcoming Chinese inflation data and geopolitical tensions may dictate the stock's next direction.
IBM Holds Near $300 as Key Events Loom: Confluent Vote, CPI Data Ahead
IBM shares gained 3.1% to $298.93 on Friday, outpacing major tech peers. Investors are focused on the upcoming shareholder vote for its $11 billion Confluent acquisition and the January CPI report.
AI Chip Stocks Surge on Tech Spending Plans; CPI and Nvidia Earnings Loom
Nvidia and AMD rallied sharply Friday as the Dow closed above 50,000, fueled by Big Tech's massive AI capital expenditure plans. The focus now shifts to inflation data and Nvidia's upcoming earnings.
TE Connectivity Rallies 3.5% Ahead of Key Debt Offering, CPI Data
TE Connectivity shares rebounded Friday, closing up 3.46% at $215.91, though the stock remains down 5% for the week. Investors are focused on the company's $750 million senior notes offering closing Monday and upcoming U.S. inflation data.
Materials Sector Rallies as Copper Hits $5.88, Eyes on Jobs and CPI Data
The materials sector surged Friday, led by miners, with copper rising to $5.88 per pound. Investors now await key labor and inflation reports next week that could impact commodity prices.