Shares of companies in the broader financial sector are trading lower as stocks fall after hotter-than-expected March inflation data, which has caused rate cut uncertainty.
Portfolio Pulse from Benzinga Newsdesk
Shares of companies in the financial sector are trading lower due to hotter-than-expected March inflation data, leading to uncertainty about rate cuts.
April 10, 2024 | 3:45 pm
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NEGATIVE IMPACT
Apollo Global Management's shares are trading lower due to concerns over inflation and rate cut uncertainty.
As a company in the financial sector, APO's stock is directly impacted by inflation data and interest rate expectations.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Bank of Montreal's shares are trading lower due to concerns over inflation and rate cut uncertainty.
As a company in the financial sector, BMO's stock is directly impacted by inflation data and interest rate expectations.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Morgan Stanley's shares are trading lower due to concerns over inflation and rate cut uncertainty.
As a company in the financial sector, MS's stock is directly impacted by inflation data and interest rate expectations.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50