18.12.202513:42:00UTC+00US Futures Jump After CPI Data

U.S. stock futures surged on Thursday following unexpected news of a decrease in the inflation rate for November, bolstering the perspective that the Federal Reserve may implement further rate cuts. The S&P 500 rose by 1%, while the Nasdaq climbed 1.7%, and the Dow Jones increased by more than 300 points shortly after the Consumer Price Index report was released. The annual inflation rate in the United States declined to 2.7% in November, marking its lowest point since July and down from 3% in September, contrary to market expectations of 3.1%. Additionally, the core inflation measure dropped to 2.6%, reaching its lowest level since April 2021. In after-hours trading, Micron Technology saw its shares jump by about 7% following better-than-expected results for its fiscal first-quarter earnings and revenue, alongside a promising outlook for the current period. Investors are now turning their attention to a new batch of earnings reports set to be released later on Thursday from companies such as Nike, Cintas, FedEx, FactSet, and CarMax, among others.