Opendoor stock drifts in premarket after CPI keeps rate path in focus (OPEN)
Opendoor shares fell 3.5% to $7.02 in premarket trading Tuesday. U.S. consumer prices rose as expected in December, with core inflation at 2.6% year-over-year. Traders now see a 42% chance of a Fed rate cut in April, up from 38% before the data. Investors await the Fed’s Jan. 27-28 meeting and Opendoor’s Feb. 26 earnings report.