Enterprise Products Partners (EPD) units rose nearly 5% after a cooler U.S. inflation reading, which spurred expectations for rate cuts and sent Treasury yields lower. The company also announced a quarterly payout of $0.55 per unit and repurchased $50 million of its common units. While inflation remains a concern, investors will watch whether the positive trend for EPD holds after the upcoming holiday weekend.
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Enterprise Products Partners (EPD) stock jumps nearly 5% after CPI cools; what investors watch next
Enterprise Products Partners (EPD) units rose nearly 5% after a cooler U.S. inflation reading, which spurred expectations for rate cuts and sent Treasury yields lower. The company also announced a quarterly payout of $0.55 per unit and repurchased $50 million of its common units. While inflation remains a concern, investors will watch whether the positive trend for EPD holds after the upcoming holiday weekend.