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Why Shares of Visa, Mastercard, and Blackstone Are Rising Today

TheMotleyFool

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Why Shares of Visa, Mastercard, and Blackstone Are Rising Today: https://g.foolcdn.com/editorial/images/708822/generic-upward-14.jpg

The market soared higher today after investors got a much better October inflation report than economists had been projecting, making many think the Federal Reserve can soon pivot.

Shares of the payment giants Visa (NYSE: V) and Mastercard (NYSE: MA) traded 5% and 5.7% higher, respectively, as of 11:43 a.m. ET today. Shares of the alternative investment management firm Blackstone (NYSE: BX) were up more than 11.5%.

This morning, the U.S. Bureau of Labor Statistics reported the latest October data for the Consumer Price Index (CPI), which tracks the prices on a market basket of consumer goods and services.

Source Fool.com

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