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    U.S. Stock Market Gains as Roblox and Airbnb Surge; CPI and Retail Sales Beat Estimates


    The U.S. stock market posted gains on Wednesday, with the Dow Jones Industrial Average leading the way up 0.4%. The S&P 500 inched up 0.1%, while the Nasdaq Composite lost 0.7%.[0] The small-cap Russell 2000 was ahead 0.2%.[1] Among active stocks, Roblox (RBLX) surged 25% after the video game platform revealed better-than-expected bookings data for Q4.[2] The consumer price index (CPI) came in higher than expected at 6.4% year-over-year, although the monthly rise of 0.5% was in line.[3] Core inflation for the 12 months ending in January was higher than anticipated, reaching 5.6%, compared to the predicted 5.4%.[4]

    Retail sales last month experienced a 3% increase, surpassing economists' expectation of a 1.8% rise.[1] U.S. GDP's retail sales control group increased by 1.7%, much higher than the expected 0.8% growth.[5] Brent crude futures fell by 0.3%, trading at $85.08 per barrel.[6] The yield on the benchmark 10-year Treasury note ticked down to 3.78% Thursday morning. The dollar index dropped by approximately 0.3%, bringing it to the rate of $103.65[6]

    Tuesday night saw ABNB (Airbnb) jump 13.4% after they announced their Q4 sales, earnings and first annual profit all exceeded expectations.[7] Q1 guidance from the short-term rental platform was positive, but they cautioned about potential price reductions ahead.[7] The stock opened with a higher price than the 121.50 entry point of a cup-with-handle base.[7] On Thursday morning, the stock of Roku (ROKU) experienced an increase after the company reported net revenue of $867.1 million, which exceeded the anticipated $804.5 million.[8] Analysts had expected a fourth-quarter loss per share of $1.74, but the actual figure came in slightly lower at $1.70.[6]

    Shares of Devon Energy (NYSE:DVN) dropped 11% following the release of the company's fourth-quarter results, which were below expectations. Additionally, Devon Energy projected capital expenditure of between $3.6 billion and $3.8 billion, surpassing the projected $3.42 billion.[7] The return on the 10-year Treasury note dropped 3 basis points to 3.71%.

    0. “Stock Market Closed Mixed; Nasdaq Broke Its Winning Streak” Investor's Business Daily, 10 Feb. 2023,

    1. “S&P 500, Dow turn positive on retail sales, CPI data fallout; Nasdaq enjoys third-straight winning day” Proactive Investors USA, 15 Feb. 2023,

    2. “Dow, Nasdaq, S&P 500 overcome lingering Fed fears to end choppy session higher” Seeking Alpha, 15 Feb. 2023,

    3. “Dow Jumps Over 300 Points, Dollar Surges in Midday Trading” msnNOW, 13 Feb. 2023,

    4. “Before the Bell: Tesla Drives Nasdaq, Soros Drives Tesla and Buffett Dumps TSMC” 24/7 Wall St., 15 Feb. 2023,

    5. “Stock market today: Dow ekes out win after cutting losses as tech reigns supreme By”, 15 Feb. 2023,

    6. “Stock market news today: Stock futures waver, bitcoin rallies” Yahoo News, 16 Feb. 2023,

    7. “Stock Market Indexes Pull Ahead In Final Hour; Etsy Posts Over 6% Gain” Investor's Business Daily, 15 Feb. 2023,

    8. “US Stocks' Resilience Faces Test As Traders Await Flurry Of Economic Data: Fed May ‘Surprise To The Upside' On …” UK, 16 Feb. 2023,

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