Stocks slip on another hot inflation report, Adobe earnings on tap: Yahoo Finance Live
All three of the major indexes (^DJI, ^IXIC, ^GSPC) are trading lower after hot inflation reading. The Producer Price Index (PPI), which measures inflation at the wholesale level, rose more than expected in February, raising questions about the timing of Fed rate cuts. Investors are also keeping an eye on fiscal first-quarter results from software company Adobe (ADBE). It’s the first quarterly report from Adobe since it scrapped its $20 billion bid to acquire Figma. Other trending tickers on Yahoo Finance include Microsoft (MSFT), Robinhood Markets (HOOD), and Dick’s Sporting Goods (DKS).
Top guests today include:
3:05 p.m. ET - Lori Calvasina, RBC Capital Markets Head of US Equity Strategy
3:15 p.m. ET - Sam Poser, Williams Trading Senior Equity Analyst
3:35 p.m. ET - Bill Anderson, Bayer CEO
4:05 p.m. ET - Eric Freedman, US Bank Asset Management Group CIO
4:15 p.m. ET - Alex Zukin, Wolfe Research Managing Director & Head of Software Research
