TRI is trading at $83.67, down 4.1% today as hotter-than-expected inflation data and rising geopolitical tensions trigger a broad market retreat.
- April PPI rose 0.9% month-over-month, exceeding analyst estimates and reinforcing expectations that Federal Reserve rate cuts are unlikely in the near future.
- Geopolitical instability in the Middle East pushed Brent crude to $107.77/barrel, contributing to a risk-off sentiment that is weighing heavily on large-cap stocks.
- The broader market is under pressure, with the Dow down 0.57% as investors rotate out of traditional equities in response to macroeconomic headwinds.