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Cooper Tire & Rubber Co. (CTB) Is Sinking After Q4 Miss

Cooper Tire & Rubber Co. (CTB) reported fourth quarter adjusted EPS of $0.45 Monday morning, which fell short of the consensus estimate of $0.64.

Cooper Tire & Rubber has been steadily declining since the open of trade Monday and is now down 2.98 at $34.73 on above average volume. The stock is pulling back from the highs of the year and has set nearly a 3-week low.

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Inflation data from the U.S. garnered maximum attention this week on the economics front, along with the interest rate decision by the European Central Bank. Read our stories to find out how these two key events are set to influence monetary policy in the months ahead. Other main news from the U.S. were the release of the minutes of the latest Fed policy session and the jobless claims data. Elsewhere, the interest rate decision by the Bank of Canada was also in focus.

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