Enterprise Products Partners (EPD) stock jumps nearly 5% after CPI cools; what investors watch next
Enterprise Products Partners units rose 5% to $37.21 Friday, trading nearly 9.3 million units as Treasury yields fell after a cooler U.S. inflation report. The S&P 500 ended up 0.05%, Nasdaq slipped 0.22%. Enterprise will pay a $0.55 quarterly distribution Feb. 13 and repurchased $50 million in units last quarter. U.S. markets close Monday for Presidents Day.