Atlassian, Sprout Social, and Flywire Stocks Rise After Soft PPI Data

Macro
โดย Yahoo Finance·Read original
Summary · why it matters

Shares of Atlassian, Sprout Social, and Flywire rose in afternoon trading after a softer-than-expected Producer Price Index report eased inflation concerns and lifted growth stocks. June wholesale inflation fell 0.3% versus expectations for a flat reading, following a sharp 0.4% decline in consumer prices the prior session, which together shifted focus away from IBM's warning about client budget reprioritization. Atlassian jumped 3.5%, Sprout Social gained 4.2%, and Flywire climbed 5.1%, with Flywire also reaching a new 52-week high of $18.82 per share. The cooling inflation data reduced pressure on the Federal Reserve to keep interest rates high, mechanically boosting valuations for growth companies whose worth depends heavily on future cash flows.

Impact on stocks 4

Cloud & Digital Infrastructure▲ · 2 stocks
Sprout Social Inc
SPT
▲ PositiveMonetaryrelevance

Softer PPI data reduces rate pressure, boosting growth stock valuations.

Atlassian Corp Plc
TEAM
▲ PositiveMonetaryrelevance

Softer PPI data reduces rate pressure, boosting growth stock valuations.

Digital Finance & Tokenization▲ · 1 stocks
Flywire Corp
FLYW
▲ PositiveMonetaryrelevance

Softer PPI data reduces rate pressure, boosting growth stock valuations.

Quantum Computing▼ · 1 stocks
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