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Stock impact report

eXp World, Compass, RE/MAX, E.W. Scripps, and Cable One Stocks Trade Up, What You Need To Know [Yahoo! Finance]

Cable One, Inc. (CABO) 
Last cable one, inc. earnings: 2/27 04:15 pm Check Earnings Report
US:NYSE Investor Relations: ir.cableone.net
Company Research Source: Yahoo! Finance
A number of stocks jumped in the afternoon session after the latest Consumer Price Index (CPI) report came in largely as expected, reinforcing investor hopes for an upcoming Federal Reserve interest rate cut. Data from the Bureau of Labor Statistics showed headline inflation for August at a 2.9% annual rate, with core inflation, which excludes volatile food and energy prices, holding steady at 3.1%. While inflation remains above the Federal Reserve's target, Wall Street interpreted the figures as not being high enough to prevent a widely anticipated rate reduction at the central bank's meeting next week. Analysts note that the Fed's focus has shifted toward the risks of a cooling labor market. With this report being the last key data point before the meeting, the market's conviction for a rate cut strengthened, fueling a broad rally that pushed major U.S. stock indexes to record highs. The stock market overreacts to news, and big price drops can present good opportunities to buy Show less Read more
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