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Lululemon reports Q4 beat, CoreWeave IPO priced at $40: Morning Buzz

Lululemon reports Q4 beat, CoreWeave IPO priced at $40: Morning Buzz

The major indexes were sharply lower near noon as investors react to the release of key inflation data and recent trade policy developments. The Federal Reserve’s key inflation measure, the core personal consumption expenditures price index, showed a 0.4% increase for the month of February, putting the 12-month inflation rate at a hotter-than-expected 2.8%.

Looking to commodities, gold prices are fractionally higher, continuing their rally and bringing the record price to above $3,100. Meanwhile, oil prices are lower, though still near one-month highs.

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.

1. STOCK NEWS:

 2. WALL STREET CALLS:

3. AROUND THE WEB:

  • The Trump administration is being nudged by the Metals Company (TMC) to disregard The International Seabed Authority and grant the company a license to start mining in international waters as soon as 2027, NYT reports
  • The U.S. Department of Defense plans to terminate a plan to use Oracle (ORCL) software to manage its civilian workforce as part of the Pentagon’s cost-cutting efforts, Bloomberg says
  • The National Highway Traffic Safety Administration is opening an engineering analysis into 2.2M Honda (HMC) vehicles over issues related to its engine restarting, Reuters reports
  • SoftBank (SFTBY) is planning to establish industrial parks across the U.S. featuring AI-equipped factories, Nikkei Asia reports
  • Silicon Motion (SIMO) is joining the AI humanoid robotics supply chain and expects significant growth from this sector over the next five years, DigiTimes says

4. MOVERS:

5. EARNINGS/GUIDANCE:

INDEXES:

Near midday, the Dow was down 1.26%, or 534.26, to 41,765.44, the Nasdaq was down 2.22%, or 394.61, to 17,409.43, and the S&P 500 was down 1.56%, or 88.72, to 5,604.59.

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