💰CPI Beats Expectations, Nasdaq Rebounds: Top Sectors

In the recent market fluctuations, the $NASDAQ(.IXIC)$ staged a strong rebound of 1.22% on Wednesday after a 14% decline, signaling a positive shift in the market sentiment.

The rebound in the Nasdaq was primarily fueled by better-than-expected inflation data, which alleviated concerns about an economic downturn. The U.S. CPI for February increased by 2.8% year-on-year, below the expected 2.9%, while the core CPI increased by 3.1% year-on-year, below the expected 3.2%. This data release boosted market confidence, with tech stocks emerging as the main beneficiaries of the rebound.

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From an industry perspective, several sectors demonstrated powerful rebound momentum:

Looking at the weekly data, the sectors that have been relatively resilient include:

  • Crude Oil and Natural Gas Exploration and Production, with a 3.66% increase.

  • Integrated Oil & Gas, with a 2.09% increase.

  • Managed Healthcare, with a total increase of 0.83%.

Among them, 10 individual stocks in the crude oil and natural gas development industry still have a 5% increase. $Vista Energy(VIST)$ $Ring Energy Inc.(REI)$ $SandRidge Energy(SD)$

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# 💰 Stocks to watch today?(14 Mar)

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  • Twelve_E
    ·03-14 14:35
    hope everything will be good
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