Stocks Rise After CPI Report Shows Inflation Cooling, Coursera, ACV Auctions, Udemy, Carvana, and Revolve Shares Skyrocket

Consumer Price Index (CPI) report shows annual inflation fell to 2.7%, lower than expected, fueling optimism for potential Federal Reserve interest rate cuts. Stocks such as Coursera, ACV Auctions, Udemy, Carvana, and Revolve jumped in the afternoon session as sustained lower inflation could stimulate economic activity and make stocks more attractive.