As buying and selling opens on Wednesday, February 14th, TheStreet's JD Durkin brings you the most recent enterprise headlines from the ground of the New York Inventory Change.
Full video transcript under:
JD Durkin: I'm JD Durkin reporting from the New York Inventory Change. Right here's what we're on TheStreet immediately:
Shares ended a tough day of buying and selling on Tuesday, with the Dow Jones Industrial Common having its worst day since March 2023. This was as buyers reacted to better-than-expected inflation knowledge, with shopper costs rising sooner than anticipated in January. The report raised considerations that the Fed would hold rates of interest excessive for an prolonged time period.
Individually, merchants have been reacting to a sequence of company earnings reviews, with each Lyft and Airbnb posting increased fourth-quarter income. To date, greater than half of the businesses reporting have beat Wall Avenue expectations.
In different information, Individuals discover it more and more dearer to eat out than to prepare dinner at house. In accordance with the January Client Value Index, which measures how a lot customers pay for items and providers, restaurant costs rose 5.1% from a 12 months earlier, whereas grocery costs rose simply 1.2%. There may be.
That is in sharp distinction to January 2023, when restaurant meals costs rose 8.2% and grocery costs rose 11.3%.
Recent greens could be the greatest motive dinner costs are rising, as costs on this class rose 2.4% in January. Tomato costs rose essentially the most, with January costs rising 4.6% over December.
However there's excellent news for individuals who get pleasure from scrumptious ham or canned tuna. The most important declines in costs final month have been for ham and room-temperature seafood, which fell by 3.1% and a couple of.9%, respectively. Nonetheless, throughout all merchandise adopted by the CPI, egg costs had the largest decline on an annual foundation, dropping by nearly 29%, adopted by lettuce in second place and apples in third place.
This concludes the day by day briefing. I'm JD Durkin from his TheStreet.
