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Stock impact report

Xerox, First Advantage, Gartner, Arlo Technologies, and ASGN Shares Are Soaring, What You Need To Know [Yahoo! Finance]

First Advantage Corporation (FA) 
Company Research Source: Yahoo! Finance
A number of stocks jumped in the afternoon session after the Consumer Price Index (CPI) report bolstered expectations for a Federal Reserve interest rate cut despite showing persistent inflation. The August CPI data, a key measure of inflation, showed prices rose 2.9% annually, in line with expectations. While inflation remains above the Federal Reserve's 2% target, investors were focusing on other signs of a cooling economy, particularly a weakening labor market. As a result, the market widely anticipated that the Fed would cut interest rates at its September meeting to support the economy. Investors priced in multiple rate cuts by year-end, which boosted market sentiment and sent Treasury yields lower. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Among others, the following stocks were impacted: Hardware & Infrastructure company Xerox (NASDAQ:XRX) jumped 2.5%. Is now the time to buy Xerox? Access our ful Show less Read more
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