U.S. equity markets are rebounding from losses earlier in the week on easing geopolitical tensions in Eastern Europe after Russia’s Ministꦜry of Defense it was scaling back forces along the Ukraine border. The Dow, S&P 500, and Nasdaq are💫 all higher. 

Crude oil prices fell on the news, and shares of energy companies like Diamondback Energy Inc. (FANG), Marathon Oil Corp. (), and others, were ওamong the S&P 500’s top decliners. 

Shares of Carnival Corp. (CCL), Norwegian Cruise Line Holdings Ltd. (NCLH), Delta Airlines Inc. (DAL), and other travel-related companies are among the S&P 500's leading stocks, gaining as pandemic-related restrictions ease. Shares of Restaurant Brands International Inc. (QSR) are also climbing 3.6% on itꦇs better-than-expected resul🐠ts (more below).  

Inflation Expectations vs. Reality

Yesterday, the Federal Reserve Bank of New York  that consumers’ short-term and m🗹edium-term inflation expectations declined last month, as those surveyed by the Federal Reserve Bank of🐟 New York grew more optimistic.

However, a  from the Bureau of Labor Statistics also showed&n✱bsp;wholesale inflation surged higher than economists expected in January, with producers♚ likely to pass those higher costs on to consumers (more below).  

Bond yields are rising, with the yield on the 10-year Treasury note climbing abo♒ve 2%. 

Most major cryptocurrencies are trading higher, with the price of Bitcoin rising over 3.4%, now above $44,000. The price of Eth൲er is climbing 5.3%, near $3,100.

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Chart of the Day: Pumped Producer Prices

Consumers weren't the only ones paying higher prices in January, as inflation also hit businesses harder than expected, according to the Bureau of Labor Statistics' latest report on wholesale inflation. 

The澳洲幸运5开奖号码历史查询: Producer Price Index (PPI) rose 1% in January,൩ and 9.7% from last year. Both rates were significantly high🧜er than economists had anticipated, though the annual rate was slightly lower than the 9.8% 12-month gain in December. 

The report captur♚es inflation for U.S. producers, and with companies passing on inflation costs by raising prices, the rise could be a sign of more price increases to come for consumers.

Stock𒈔 of the Day: Restauran🀅t Brands International (QSR)

Surging online sales helped the owner of Burger King to better-than-expe🍌cted earnings and ▨revenue in the fourth quarter. Restaurant Brands International revenue rose 13.8% to $1.55 billion, with earnings per share of $0.74. Both were more than analysts’ forecasts. 

The company said for the full year, digital sales soared to $10 billion from $6 billion𒅌 in 2020, making up 30% of global system-wide sales. 

Segment Sales

In the quarter, Burger King 澳洲幸运5开奖号码历史查询:same-store sales were up 11.3%, as its restaurants faced fewer closures because of COVID-19, and an increase in the number o🔥f locations. Same-store sales at Tim Hortons rose 10.3%, missing estimates as stricter COVID-19 restrictions in its main market of Canada limited growth. Restaurant Brands also purchased the Firehouse Subs chain in mid-December, and over the two-week period same-store sales were up 14.7%.

Shares of Restaurant Brands International are climbing 3.6% today, though they're 2.5% lower in 2022.