Hot inflation data causes turmoil for stocks, Roku tumbles: Yahoo Finance Live
Prices at the wholesale level rose more than expected in January, leading to another volatile day for the three major indexes (^DJI, ^GSPC, ^IXIC). The January Producer Price Index reading was 0.3%, higher than the 0.1% economists had forecast. One of the biggest movers of the day is Roku (ROKU). The streaming platform posted better-than-expected revenue in the fourth quarter, but the first-quarter outlook was a disappointment, sending shares plummeting more than 20%.
Top guests on Yahoo Finance Live today include:
3:05 p.m. ET - Tom Hainlin, U.S. Bank Wealth Management, Senior Investment Strategist
3:10 p.m. ET - Gus Faucher, PNC Chief Economist
4:05 p.m. ET - John Stoltzfus, Oppenheimer Chief Investment Strategist
4:15 p.m. ET - John Stankey, AT&T CEO
