Stocks Rally on Inflation Easing, Tech Sector Watch
Update: 2025-12-18
Description
US stocks rebounded on Thursday, driven by positive inflation data and strong tech earnings. The Nasdaq Composite led the gains, climbing 1.5%, while the S&P 500 and Dow Jones Industrial Average also saw significant increases. The markets optimism was fueled by a cooler-than-expected Consumer Price Index report, which suggested that inflation might be easing. However, some economists cautioned that the data could be less reliable due to the US government shutdown. The Federal Reserve is closely monitoring the job market, with a governor hinting at supporting interest rate cuts. Initial jobless claims fell by 13,000, but the data has been volatile following the federal shutdown. In other news, Trump Media and Technology Group announced a merger with Tae Technologies, causing shares to surge.
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