Why Asana (ASAN) Shares Are Sliding Today
Work management software company Asana (NYSE: ASAN) experienced a 5.4% decline in its stock during the morning session, as yields surged and major indices dropped. This comes after the Bureau of Labour Statistics released data showing a 3.1% increase in the consumer price index (CPI) for January 2024 compared to the previous year, indicating that inflation remains an ongoing concern. The rise in inflation was primarily driven by shelter prices, which make up a significant portion of the CPI index.
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