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Stock impact report

US stocks halt their AI-induced slide and rise after an encouraging update on inflation [Globe and Mail, The (Toronto, Canada)]

Applovin Corporation - Class A (APP) 
The S&P 500 rose 0.6%, a day after tumbling to one of its worst losses since Thanksgiving . The Dow Jones Industrial Average was up 205 points, or 0.4%, as of 12:30 p.m. Eastern time, and the Nasdaq composite was 0.5% higher. Stocks got a boost from easing pressure from the bond market, where Treasury yields fell after a report showed inflation slowed last month by more than economists expected. U.S. consumers paid prices for groceries, clothes and other costs of living that were 2.4% higher overall than a year earlier. While that's higher than anyone would like and above the 2% target set by the Federal Reserve, it wasn't as bad as December's 2.7% rate. And an underlying measure that economists see as a better predictor of where inflation may be heading slowed to its least-painful level in nearly five years. “It's still too high, but only for now, not forever,” said Brian Jacobsen, chief economic strategist at Annex Wealth Management. Besides helping U.S. households struggli Show less Read more
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