Though, it primarily provides services for Fortune 500 companies. It also has 4,000 corporate and government customers. The company owns more than 291 data centers. And this is propping up REITs like Digital Realty Trust (DLR).ĭigital Realty (DLR) is a real estate investment trust (REIT) that invests in carrier-neutral data centers around the world.
Meanwhile, the Dow Jones, Russell 2000, and Nasdaq all declined by 1.28%, 1.40%, and 1.68% following the report.īecause of this, many people are further piling into value stocks, safe-haven assets, and cyclicals. However, with the figure coming in even higher than what was feared, investors are beginning to sell off once again, sending the tech-heavy S&P 500 down by 1.51% on February 10. That’s because institutional investors anticipated inflation numbers would come in lower than the forecasts. This has many analysts concerned that inflation may not peak as soon as expected. And housing costs increased by 0.3%, raising the category up by 4.4% for the year. Meanwhile, oil prices surged by 9.5% in January, bringing the total 12-month rise to 27%. During the period, food costs jumped by 0.9% and are up 7% for the year. This was largely due to a sharp rise in food, fuel, and housing costs.
It’s also the highest level inflation has been since February 1982. That figure is higher than the Dow Jones consensus of 7.2%. The CPI, which tracks the prices of goods and services, surged by 7.5% year over year.
Inflation just hit its highest level since 1982…Īccording to the Bureau of Labor Statistics’ Consumer Price Index (CPI), inflation rose more than expected in January.
0 kommentar(er)
