DPZ - Domino's Is Heating Up but This Healthcare Stock Is Looking Ill
2023-07-12 08:57:57 ET
The stock market came into Wednesday morning with a singular focus on the latest readings on the Consumer Price Index. With so much at stake for the economy and the interest rate environment, investors were generally pleased to see year-over-year inflation rates fall, largely as a result of high-inflation months in the first half of 2022 having rolled out of the annual comparisons. Stock index futures moved higher after the report.
One key advancing stock Wednesday morning was Domino's Pizza (NYSE: DPZ) , which announced an innovative new partnership that addresses some of its core concerns the pizza restaurant giant faces while also providing new channels for both companies. However, Silk Road Medical (NASDAQ: SILK) got some downbeat news that sent shares of the medical device maker plunging. You'll find a whole lot more of the details surrounding both companies and their stock price moves below.
Shares of Domino's Pizza soared 11% in premarket trading Wednesday morning. The pizza leader announced a new global agreement with Uber Technologies that gives customers even more choices in figuring out how to get the food they've ordered.
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Domino's Is Heating Up, but This Healthcare Stock Is Looking Ill