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Jacobs Solutions, Planet Labs, NetApp, TaskUs, and Viasat Stocks Trade Up, What You Need To Know
Shares of Jacobs Solutions, Planet Labs, NetApp, TaskUs, and Viasat all saw gains after a Consumer Price Index (CPI) report came in lower than anticipated, increasing investor optimism for potential interest rate cuts by the Federal Reserve. The softened inflation data, with prices rising 0.2% from December to January against a 0.3% forecast, is leading to increased bets on multiple rate reductions this year, stimulating a market rally. NetApp’s shares, in particular, remain somewhat volatile but were positively impacted by the news, though they are still down for the year.