|Bid||316.39 x 1300|
|Ask||316.40 x 1100|
|Day's range||316.00 - 322.62|
|52-week range||196.00 - 338.19|
|PE ratio (TTM)||3.72|
|YTD daily total return||7.24%|
|Beta (5Y monthly)||1.02|
|Expense ratio (net)||0.20%|
On Wednesday, inflation data left markets concerned as investors gripped with the idea of higher inflation leading to rate hikes from the Fed. Myles Udland explains how this could be a good thing for corporate profits as consumer demand might be moving faster than expected.
Consumer Price Index (CPI) reads point straight in one direction: +0.8% on the month. This indicates clear inflation.
As talk of inflation and overheating continues, some analysts have issued reminders that there's a lot of room for the economy to run — as well as some key things about bubbles and all-time highs.