TRI is trading at $95.42 (-4.49%) as hotter-than-expected PPI data triggers a broader market selloff and dampens hopes for near-term Federal Reserve rate cuts.
- Major indices are down across the board following the PPI report (0.5% vs. 0.3% forecast), with the Dow falling 1.11% and the S&P 500 dropping 0.58%.
- The price action comes despite the launch of a $600 million share buyback program today, which is part of a larger $1.2 billion shareholder return plan announced on February 25.
- The stock continues to face year-to-date headwinds driven by investor concerns regarding potential AI-driven disruptions to the company's core business model.