Big Tech rises on soft CPI report
Slightly softer-than-expected December inflation numbers — and the chance that it could make further Fed rate cuts a possibility — gave Big Tech shares a lift in the premarket session.
The Sherwood-coined cohort of tech behemoths known as BATMMAAN™ — Broadcom, Apple, Tesla, Microsoft, Meta, Amazon, Alphabet, and Nvidia — soared on the news, setting the market up for a strong opening.