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Stock impact report

Wall Street steadies after its AI-induced sell-off [Globe and Mail, The (Toronto, Canada)]

Applovin Corporation - Class A (APP) 
The S&P 500 barely budged, a day after it had tumbled to one of its worst losses since Thanksgiving . The Dow Jones Industrial Average rose 48 points, or 0.1%, and the Nasdaq composite slipped 0.2%. Stocks got some help from easing Treasury yields, which 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 of inflation that economists see as a better predictor of where it may be heading slowed to the 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 struggling to keep up with the cost of living, slower inf Show less Read more
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