18.12.202514:41:31UTC+00US Stocks Jump After CPI

On Thursday, U.S. stocks experienced a significant rally at market opening, buoyed by recent data suggesting the Federal Reserve might proceed with further interest rate cuts. The S&P 500 rose by 1%, while the Nasdaq climbed 1.6%, and the Dow Jones Industrial Average increased by over 350 points shortly after trading commenced. In November, the annual inflation rate in the United States declined to 2.7%, marking the lowest level since July, down from 3% in September and below the market's expectation of 3.1%. Additionally, the core inflation measure dropped to 2.6%, hitting its lowest point since April 2021. In after-hours trading, Micron Technology saw its stock jump 13% following the release of better-than-forecasted earnings and revenue for the fiscal first quarter, coupled with a positive outlook for the current period. Investors are now anticipating the upcoming earnings reports from companies such as Nike, Cintas, FedEx, FactSet, and CarMax, among others.