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Stock impact report

Why Krispy Kreme (DNUT) Stock Is Up Today [Yahoo! Finance]

Krispy Kreme, Inc. (DNUT) 
Company Research Source: Yahoo! Finance
came in cooler than expected, boosting investor sentiment, particularly for consumer-focused stocks. The U.S. Labor Department reported that the Consumer Price Index (CPI) rose 2.7% year-over-year in November, which was below the 3.1% that economists had forecast. This news suggested that inflation was easing faster than anticipated. As a result, stocks in the consumer discretionary sector, which includes companies like Krispy Kreme, performed strongly. The sector was the best-performer of the day, rising more than 2%. Investors appeared to bet that lower inflation would lead to more disposable income for consumers, potentially increasing spending on non-essential goods and services. After the initial pop the shares cooled down to $4.62, up 3.5% from previous close. Is now the time to buy Krispy Kreme? Access our full analysis report here Krispy Kreme's shares are extremely volatile and have had 49 moves greater than 5% over the last year. In that context, today's move indicat Show less Read more
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