CPI Shows Inflation Growing Faster Than Expected Month-To-Month And Year-To-Year

Before the CPI report, Twitter rose more than 5% in premarket trading despite missing on earnings. The company reported that it netted 6 million daily active users in the fourth quarter. It also reported that Apple’s iOS privacy changes have only had a “modest” impact; Twitter was able to achieve a 13% increase year-over-year in monetizable daily active users. TWTR plans to buyback $4 billion in stock.

From soda wars to streaming wars, Disney stunned investors by adding 11.8 million subscribers to its Disney+ streaming service, well above analysts’ estimates of 8.3 million. The gain adds a little more confusion into who might be the winner of the streaming wars. One of the most notable individual movers on Wednesday was CVS Health Corp. , which fell 5.45%. The company forecasted a sharp decline in the number of COVID-19 vaccines it will distribute this year.

However, the issue of how sectors perform in a rising interest rate environment is a bit of an oversimplification because interest rates are not a singular thing. There are interest rates on corporate and municipal bonds as well as Treasuries. There are short-term rates, medium-term, and long-term rates, as well as other ways of parsing down interest rates. Although typically there is a correlation between the movement of these various rates, the relative movement of these rates do matter.

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