Inflation report for January shows positive numbers, with CPI at +0.2% month over month and a drop in yearly core to +2.4%. Energy prices fell, leading to a decrease in core CPI inflation rate to +2.5%. Used cars and trucks also saw a decline in prices.
Q4 earnings reports for WEN, AAP, and MRNA show mixed results. Wendy’s outperformed expectations, but shares continue to fall. Advance Auto Parts had a positive earnings surprise and revenue beat, with shares rising. Moderna posted a better-than-expected loss per share and revenue, with shares climbing.
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Read more at Nasdaq: Near-Perfect CPI Report Brings Pre-Markets Near Breakeven
