Stock market today: Dow, S&P 500, Nasdaq rise as CPI inflation eases in November, Micron boosts tech

US stocks roseate successful the archetypal minutes of trading connected Thursday arsenic investors reacted to lower-than-expected ostentation readings for the 12 months ended successful November.

The tech-heavy Nasdaq Composite (^IXIC) led the rise, ticking up by 1.5% arsenic beardown net from Micron (MU) buoyed the sector. The S&P 500 (^GSPC) and the bluish chip-heavy Dow Jones Industrial Average (^DJI) added 0.8% and 1%, respectively.

Leading the time is simply a cooler-than-expected Consumer Price Index (CPI) report, which showed ostentation roseate 2.7% done the 12 months ended successful November and 2.6% connected a "core" basis, excluding nutrient and energy. Both figures came successful beneath expert estimates.

In the labour market, the Department of Labor reported archetypal jobless claims of 224,000 for the week ended Dec. 13, down 13,000 from the erstwhile week's figure.

Futures connected large banal marketplace indexes jumped to the upside aft Consumer Price Index information showed ostentation eased implicit the 12 months ended successful November.

The tech-heavy Nasdaq 100 (NQ=F) led the mode up, picking up 1.2% oregon much than 300 points, portion futures connected the E-Mini S&P 500 (ES=F) and the bluish chip-heavy Mini Dow Jones Industrial Average (YM=F) ticked up by 0.8% and 0.5%, respectively.

In the fixed income market, involvement rates connected 10-year US Treasurys (^TNX) shed astir 0.7% successful the minutes aft the ostentation data's release.

Headline CPI came successful beneath expectations, with a speechmaking of 2.7% astonishing to the downside against an expected 3.1%. Similarly, "core CPI," stripping retired the volatile nutrient and vigor categories, came successful astatine 2.6% against economists' expectations of 3%.

Consumer prices roseate 2.7% done the 12 months ended successful November, according to information released Thursday morning, keeping US ostentation supra the Federal Reserve's people but coming successful importantly little than expert forecasts.

As I reported:

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Stocks connected the London blue-chip scale FTSE 100 (^FTSE) were level connected Thursday aft the Bank of England chopped involvement rates to their lowest level successful astir 3 years.

The committee voted 5-4 to chopped involvement rates by 25 ground points to a complaint of 3.75%, citing accrued risks to the labour marketplace and the anticipation that ostentation volition autumn toward its people much quickly. The 4 who voted against cutting rates preferred holding rates steady.

The cardinal slope chopped rates for the sixth clip aft the Federal Reserve besides opted to little involvement rates past week to a scope of 3.5% to 3.75%.

"We inactive deliberation rates are connected a gradual way downward," BoE politician Andrew Bailey said. "But with each chopped we make, however overmuch further we spell becomes a person call."

The cardinal banks of Sweden and Norway decided to support their borrowing rates. The European Central Bank, which is scheduled to denote its determination today, is besides expected to permission rates unchanged.

Economic data: Initial jobless claims (week ended Dec. 13); Consumer terms scale (November); Philadelphia Federal Reserve concern outlook (December); Kansas City Federal Reserve manufacturing activity, (December)

Earnings calendar: Accenture (ACN), NIKE (NKE), Cintas Corporation (CTAS), FedEx (FDX), HEICO Corporation (HEI), Darden Restaurants (DRI), FactSet Research Systems (FDS), Birkenstock (BIRK), CarMax (KMX), KB Home (KBH), BlackBerry Limited (BB), Scholastic Corporation (SCHL), FuelCell Energy (FCEL)

Here are immoderate of the biggest stories you whitethorn person missed overnight and aboriginal this morning:

CPI ostentation connected deck: What to expect successful 'push-pull' print

It's Warner Bros.' crook to spell hostile. Why it could wage off.

Micron forecasts blowout net amid booming AI demand

Trump Media to harvester with fusion steadfast TAE successful $6B deal

Trump announces subject 'warrior dividend' amid ostentation woes

Stock bulls person a worryingly agelong database of 2026 risks to ponder

Lululemon rises arsenic Elliott builds $1B-plus stake

JPMorgan names 6 stocks 'vulnerable to a reversal'

Bessent's 2025 saw Powell and Argentina rescues, shortage angst

Yahoo Finance's Hamza Shaban reports:

Read much here successful the takeaway from today's Morning Brief.

Trump Media & Technology Group banal soared earlier the doorbell aft announcing that it volition harvester with TAE Technologies Inc. (TATE.PVT) successful an all-stock transaction valued astatine $6 billion, according to a connection from TAE connected Thursday. DJT (DJT) banal roseate implicit 25%% during premarket trading contiguous pursuing the news.

The woody volition make the world's archetypal publically traded fusion company.

Read much here.

Maplebear Inc. (CART) banal fell 6% earlier the doorbell connected Thursday pursuing the quality that rival DoorDash volition beryllium partnering with OpenAI to connection a grocery-shopping app wrong ChatGPT's platform. Maplebear, which operates nether the marque sanction Instacart, besides launched its ain app with OpenAI earlier this month.

Coinbase (COIN) banal roseate 2% during premarket trading. The crypto speech announced it volition beryllium rolling retired banal trading and prediction markets connected its app, placing it successful nonstop contention with Robinhood.

Birkenstock (BIRK) banal fell 7% during premarket trading. The German shoemaker reported better-than-expected 4th fourth results but offered a cautious outlook for fiscal 2026, which fell abbreviated of expert estimates.

Accenture (ACN) banal fell much than 3% earlier the doorbell today. The institution bushed Wall Street estimates for archetypal 4th revenue; however, it faces uneven request from the nationalist assemblage and authorities clients.

Shares of Lululemon (LULU) are rising successful premarket aft media reports of moves by activistic capitalist Elliott.

Bloomberg reports:

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US stocks volition travel up against a agelong database of imaginable stumbling blocks adjacent year, according to Bloomberg, linked to risks astir AI expectations; valuation and concentration; ostentation and rates; geopolitics and trade, and a macroeconomic slowdown.

Bloomberg reports:

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Micron shares jumped successful after-hours trading Wednesday aft the institution forecast second-quarter nett to beryllium astir treble what analysts projected. The results could besides erstwhile again fortify religion successful the AI commercialized aft tech's latest rocky stretch.

Reuters reports: