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9.8901000098777E-05 3.99600000398669E-06 9.79020000978868E-05 9.99000000890197E-07 -0.00209889900209901 0.00128071800128064 0.00699100200699096 0.00699100200699096
Stock impact report

Duolingo, Carvana, Revolve, EverQuote, and Fiverr Stocks Trade Down, What You Need To Know [Yahoo! Finance]

Duolingo, Inc. - Class A (DUOL) 
Company Research Source: Yahoo! Finance
The Producer Price Index (PPI), which measures wholesale inflation, rose 0.5% in January, significantly higher than the 0.3% anticipated by economists. Even more concerning was the core PPI, which excludes volatile food and energy prices, as it jumped 0.8%, more than double the 0.3% forecast. This surprisingly strong inflation data suggests that the Federal Reserve may need to maintain its restrictive monetary policy for longer than investors had hoped. The prospect of delayed interest rate cuts tends to weigh on growth-oriented sectors like technology, as higher rates can reduce the future value of their earnings, leading to a broad-based sell-off in the sector. Adding to the weakness for Duolingo, the company reported underwhelming fourth quarter results. Full-year revenue and EBITDA guidance fell short of Wall Street's estimates. On the other hand, Duolingo blew past analysts' EBITDA expectations. It also expanded its number of users. Overall, this was a weaker quarter. Also, t Show less Read more
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