Shares of several companies in the broader financial sector are trading lower after January CPI data showed a greater-than-expected rise in inflation, which increased uncertainty surrounding future rate cuts.
Portfolio Pulse from Benzinga Newsdesk
Shares of companies in the financial sector are down after January CPI data indicated a higher-than-expected inflation rise, creating uncertainty about future rate cuts.
February 13, 2024 | 7:17 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
ALLY's stock is trading lower due to increased inflation concerns impacting the financial sector.
As a company in the financial sector, ALLY is directly impacted by inflation data which affects interest rate expectations.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Goldman Sachs (GS) shares decline amid broader financial sector downturn following unexpected inflation data.
GS, being a major player in the financial sector, is negatively affected by the inflation report, which could delay rate cuts.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Morgan Stanley's stock is down, reflecting the broader impact of unexpected inflation data on the financial sector.
MS, as part of the financial sector, is adversely affected by the higher-than-expected inflation, influencing rate cut expectations.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80