Equities edge down Wednesday morning, as the Labor Department's monthly consumer price index shows inflation increased more than expected last month.
It's a little hotter, but not terrible — and there's no bleed of energy inflation into the rest of the economy yet. The S & P 500 was 0.13% lower in premarket trading. Oil prices, meanwhile, continued their ascent, with West Texas Intermediate crude hovering above $89 a barrel. 2. Mortgage applications decreased for the seventh time in eight weeks last week, reaching the lowest level since 1996, according to the Mortgage Bankers Association's seasonally adjusted index.
The firm downgrades the software giant to neutral, from overweight, while lowering its price target on the stock to $100 a share, from $112. The move follows Oracle's mixed quarterly results , which triggered a sell-off. But I think there's too much momentum around artificial intelligence to leave this stock now. It's time to buy more . 7. The first of two major antitrust lawsuits targeting Club holding Alphabet 's Google search engine got underway Tuesday in Washington, D.C.
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