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    US Markets Up and Roblox Surges as CPI Beats Forecasts


    On Wednesday, the Dow Jones Industrial Average edged up 0.1%, and the S&P 500 rose 0.3%, while the Nasdaq Composite pulled ahead 0.9%, and the small-cap Russell 2000 gained 1%.[0] The yield on the 10-year Treasury note (US10Y) increased by 5 basis points to 3.81%, while the yield on the 2-year note (US2Y) rose by 1 basis point to 4.[1] Roblox (RBLX) saw a sharp rise in activity amongst stocks after the gaming platform disclosed figures for Q4 which were better than anticipated for bookings. Roblox (RBLX) surged 26.4% after unveiling quarterly sales figures that exceeded expectations.

    Retail sales increased by 3% last month, surpassing economists' expectations of a 1.8% rise.[2] The retail sales control group, which is included in U.S. GDP, increased by 1.7%, significantly greater than the predicted 0.8% growth.[2] After the data was released, US Treasury yields increased as traders increased their wagers that the Federal Reserve will raise rates even further.[3]

    The price of Bitcoin futures rose 8% to $24, The Innovator IBD 50 ETF (FFTY) experienced an increase of[4] In the last 24 hours, Bitcoin has seen an 8.5% rise, with its current value at US$24,0 Devon Energy (DVN), an oil and natural gas producer, experienced a 10.5% decrease in price in the form of[4] Q4 adjusted earnings per share and sales numbers were lower than anticipated by the company.[4] The S&P 500 saw its biggest decline in stock today.[0]

    US investor sentiment showed a slight improvement, according to the CNN Money Fear and Greed Index.[5] The 11 sectors that make up the S&P saw nine of them rise, with Communication Services and Consumer Discretionary coming out on top with increases of more than 1%.[1] A 1.8% decrease in Energy was seen, while Health Care experienced a slight dip.[1] Big tech stocks saw mostly positive gains, with increases of 1-2%, excluding Microsoft and Meta Platforms, which dropped by 1% and 1.3%, respectively.[6]

    In January, the consumer price index (CPI) was 6.4% higher than expected on an annual basis, while the monthly increase of 0.5% met estimations.[7] Excluding food and energy, the core index increased by 0.[8]

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

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

    2. “S&P 500 cuts losses as easing Treasury yields lift tech By”, 15 Feb. 2023,

    3. “Market Highlights: Big rally in US travel stocks, Bitcoin; and 5 ASX small caps to watch on Thursday” Stockhead, 15 Feb. 2023,

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

    5. “Investor Optimism Improves Further Following Retail Sales Report By Benzinga” UK, 16 Feb. 2023,

    6. “Strong retail sales buoy Wall Street with tech leading gains. Crypto pops” CMC Markets, 15 Feb. 2023,

    7. “U.S. Stocks Moving Back To The Upside Following Last Week's Pullback” RTTNews, 13 Feb. 2023,

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

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