How Stocks Are Reacting To January Inflation Data – Albany Intl (NYSE:AIN), Amylyx Pharma (NASDAQ:AMLX)

Inflation cooled slightly in January, but saw increases in some areas due to the impact of surging food, energy and shelter prices on consumers, the U.S Labor Department said Tuesday.

What Happened: The consumer price index increased 0.5% in January, with an annual gain of 6.4%.

Economists predicted respective increases of 0.5% and 6.2%.

The core CPI, which excludes volatile food and energy, rose 0.4% monthly and 5.6% from a year ago.

Following the report, markets were unsettled, with the broad market, as tracked by the S&P 500 ETF Trust SPY down 0.55% midday Tuesday.

Stocks React: These are the biggest mid and large cap movers, both gainers and losers, according to data from Benzinga Pro.

Company

Ticker

Exchange

% +/-

Endava PLC – ADR

DAVA

NYSE

-16.27%

Palantir Technologies Inc

PLTR

NYSE

+13.27%

Albany International Corp.

AIN

NYSE

-9.73%

Patria Investments Ltd

PAX

NASDAQ

+9.97%

Triton International Ltd

TRTN

NYSE

-8.9%

Monday.Com Ltd

MNDY

NASDAQ

+8.32%

WESCO International, Inc.

WCC

NYSE

+8.08%

IPG Photonics Corporation

IPGP

NASDAQ

+7.49%

Globalfoundries Inc

GFC

NASDAQ

+7.27%

Amylyx Pharmaceuticals Inc

AMLX

NASDAQ

-6.61%

Wayfair Inc

W

NYSE

-6.59%

Blackbaud Inc

BKLB

NASDAQ

-6.28%

Zai Lab Ltd – ADR

ZLAB

NASDAQ

-6.24%

Lattice Semiconductor Corp

LSCC

NASDAQ

+6.05%

Fluence Energy Inc

FLNC

NASDAQ

-5.59%

Roivant Sciences Ltd

ROIV

NASDAQ

+5.42%

Array Technologies Inc

ARRY

NASDAQ

-5.33%

TAL Education Group

TAL

NYSE

+5.19%

Lumen Technologies Inc

LUMN

NYSE

-5.18%

Photo via Shutterstock.