Applied Materials stock surges to new record, Coinbase rallies

U.S. stocks moved higher as traders reacted to a cooler-than-expected inflation report. The core Consumer Price Index came in at 2.4% year-over-year, slightly below the forecast of 2.5%. Shares of Applied Materials surged to a record high after the company delivered an upbeat sales forecast. As the largest U.S. supplier of chip-making equipment, the firm […]