Stocks Surge on Cooler Inflation, Tech Sector Boosted
Update: 2025-12-18
Description
US stocks surged on Thursday, buoyed by positive inflation data and a strong earnings report from Micron. The Nasdaq Composite led the gains, climbing over one percent, while the S&P 500 and Dow Jones Industrial Average also rose. The CPI report showed inflation slowing down, which could influence future interest rate decisions. However, some economists caution that recent data may be less reliable due to the government shutdown. The Federal Reserve is closely watching the job market, and a governor hinted at potential rate cuts. Despite setbacks in the tech sector earlier in the week, Microns performance offered a more optimistic outlook.
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