|Bid||404.97 x 800|
|Ask||404.98 x 1800|
|Day's range||404.65 - 412.58|
|52-week range||264.89 - 412.58|
|PE ratio (TTM)||N/A|
|YTD daily total return||12.11%|
|Beta (5Y monthly)||1.00|
|Expense ratio (net)||0.09%|
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.
Inflation data published Wednesday left markets spooked.
Consumer Price Index (CPI) reads point straight in one direction: +0.8% on the month. This indicates clear inflation.