Powell Stock Surges on Inflation News

Powells stock surged four percent following a surprise drop in inflation, as reported by the U.S. Bureau of Labor Statistics. This unexpected news, along with a stronger-than-expected jobs report from September, led to broad gains across most sectors. Despite initial gains, Powells shares settled back to around $329.49, still up nearly four percent from their previous close. The recent movement suggests that while the market sees the inflation news as significant, it may not fundamentally change long-term perceptions of the company.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.