Wall Street climbed on Thursday, even as the Producer Price Index (PPI) sharply exceeded estimates in January, reigniting concerns over persistent inflationary pressures.
PPL Corp reported strong Q4 revenue growth of $2.03B, driven by $390M operating income increase. Adjusted EPS of $0.40 beat consensus. Dividend increased by 7.3% and company expects 6-8% growth through 2027.
Companies Reporting Before The Bell • Arbor Realty Trust (NYSE:ABR) is expected to report quarterly earnings at $0.44 per share on revenue of $97.65 million.
The CNN Money Fear and Greed index showed further improvement in the overall market sentiment, with the index moving to the "Extreme Greed" zone on Thursday. U.S. stocks closed higher on Thursday, with the S&P 500 settling at a fresh record high.
