The Dow and the S&P 500 closed astatine grounds highs connected Wednesday pursuing a benign consumer-price scale report, 1 that allayed net of runaway inflation, astatine slightest for the clip being. But 1 study is conscionable 1 report, and investors look to person taken the hotter-than-expected producer-price index, if not badly, past with a suspiration that the statement astir transitory ostentation volition continue.
Everything else, for now, appears to beryllium noise. Washington is starting the process of passing a $3.5 trillion fund bill, but it’s inactive excessively acold disconnected for stocks to respond each that much. Covid cases proceed to rise, but the marketplace continues to disregard them, possibly betting that they won’t yet bash excessively overmuch harm to the economy. One tin lone anticipation it’s right.
Here are 5 stocks making moves Thursday morning:
Micron Technology (MU) has fallen 7.3% aft getting chopped to Equal Weight from Overweight astatine Morgan Stanley.
Wendy’s (WEN) has gained 3.3% aft getting upgraded to Outperform from In Line astatine Evercore ISI.
Write to Ben Levisohn astatine email@example.com