Midday Market Update: CPI Impact and Notable Stock Movements

Reported 28 days ago

Stocks showed mixed reactions at midday as the Consumer Price Index (CPI) increased by 0.2% in August, leading to a 12-month inflation rate drop to 2.5%. The S&P 500 rose slightly by 0.05%, while the Dow Jones dipped by 0.45%. GameStop's shares plummeted by 14.1% following disappointing revenue results, whereas Albemarle surged by 10.9% due to potential lithium production adjustments. Trump Media also saw a decline of 13.3% after a debate performance criticism.

Source: YAHOO

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