🔴 TRI is trading 5% down today on hot CPI and rising oil prices

TRI is trading at $84.62 (-5.15%) as hotter-than-expected inflation and rising oil prices trigger a broad market sell-off.

• The decline extends a -4% drop from the previous session, following a 3.8% CPI reading and oil prices climbing above $107/barrel.
• Market sentiment is weighed down by reduced Fed rate cut hopes and geopolitical tensions, with the Nasdaq down 1.59% and S&P 500 down 0.65%.
• No company-specific news was found for Thomson Reuters; the stock is currently tracking with the broader retreat in tech and growth sectors.