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Why Stocks Are Rising After Bad Inflation Report?

March 14, 2024
in Trade Tube
Reading Time: 1 min read
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The Consumer Price Index (CPI) is a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. Indexes are available for the U.S. and various geographic areas. Average price data for select utility, automotive fuel, and food items are also available.

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Beyond Meat (BYND) reported a big fourth-quarter loss late Tuesday. Revenue fell less than expected, though the fake-meat maker guided low on sales. Still, BYND stock skyrocketed overnight as the company announced plans to cut operating costs and other “right-sizing” moves.

#cpidata #inflationreport #marketcrash

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