Kraft Heinz, CVS, Tesla, and More
Key Points
- U.S. stocks fell at noon when January’s report on consumer prices showed a rise in inflation rates.
- Stocks of the housing construction industry companies fell as inflation data sparked concerns about future mortgage rates.
- Sales in CVS Health’s pharmacy and health care sectors help boost revenue and earnings above estimates.
U.S. stocks fell at noon when January’s report on consumer inflation reports was higher than expected. this Dow Jones Industrial Average,,,,, S&P 500and Nasdaq All of this was rejected, while the yield on the 10-year bond soared.
Builders Firstsource’s Stock (bldr) and others in the housing construction field glided as inflation news ignited concerns Fed Will maintain high borrowing costs.
Westinghouse Air Brake Technologies (wab) When Locomotive Technologies missed estimates of profits and sales and warned of future results, stocks fell due to slowing freight.
Kraft Heinz (KHC) When manufacturers of tomato sauce and other packaged foods released poor sales and guidance, stocks fell as price increases slowed down demand.
CVS Health (CV) is the best performing stock in the S&P 500, when pharmacy chains and healthcare providers earn higher revenue profits and sales forecasts from their pharmacy and healthcare businesses.
Tesla shares (TSLA) When the benchmark analysts initiate coverage with a “buy” rating, they gained coverage for electric vehicle (EV) manufacturers of robotics, robotics and battery technology.
Gilead Science (Gold plated) Stocks jumped after drugmakers exceeded estimates of revenue, revenue and guidance for their HIV treatment sales.
Oil and gold futures fell. The dollar was high against the yen and fell slightly. Most major cryptocurrencies have fallen prices, although Bitcoin is slightly higher.
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