The DOW JONES index rises 0.68% to 48,212.97 points. The most bullish value is Home Depot, which rises 2.41%, while the most bearish is UnitedHealth, which loses 0.69%.
The S&P 500 rose 0.97% to 6,786.36 points, while the Nasdaq advanced 1.41% to 23,013.45 points.
Wall Street is coming off a day from more to less yesterday, in which the major New York indices ended up closing with significant falls: DOW JONES fell 0.47% in its fourth consecutive negative day, all of which have elapsed since December 11 when it set all-time highs at 48,704.01 points (48,886.86 intraday points on December 12). The S&P 500 fell 1.16% and the Nasdaq fell 1.81%.
Technology stocks once again acted as a drag on the market, amid concerns about the high capital costs involved in data center operations, with Oracle falling more than 5% after a report Financial Times that points to the withdrawal of its main investor in the project for a 10 billion dollar data center in Michigan. Broadcom, NVIDIA and Advanced Micro Devices also recorded sharp falls.
Although investors have moved away from technology companies lately, the sector is on track to close 2025 with an increase of approximately 19%.
In addition, spirits seem to have calmed down after the good reception of Micron Technology’s quarterly report, which has beaten market expectations in its first fiscal quarter and has improved its forecasts for the current quarter. Its shares soared 13.5% in the New York morning.
Micron expects revenue of about $18.7 billion in the current quartersignificantly higher than the $14.2 billion expected by analysts, due to strong demand thanks to the rise of artificial intelligence. The company posted earnings of $4.78 per share on revenue of $13.64 billion, compared to analysts’ expectations of $3.95 in earnings and $12.84 billion in revenue.
But today’s eyes were especially on the report of the November CPIwhich was known shortly before the opening. It is the first inflation report known since the closure of the federal government, and it has surprised the market: If analysts expected a reading of 3.1% for the general rate, it finally stood at 2.7%according to figures from the Department of Labor. In September, the annual CPI rate was 3%. The core CPI (a price index that excludes fresh food and energy due to their high volatility) rose 2.6% year-on-year, below the 3.0% that the market had expected.
However, like Tuesday’s monthly jobs report, inflation data could be less reliable than usual due to the US government shutdown. In fact, no month-on-month comparisons are available, given the interruption in CPI data collection in October.
Last week, the Fed lowered rates by 25 percentage points, predicting only one more cut in 2026, although it once again recalled that future decisions will be linked to the data that is published. In fixed income, always very aware of the expectations of monetary policy, today the yield of the ten-year US bond falls to 4.109%.
In other macro references of the day, the Philadelphia Federal Reserve index fell to -10.2 in Decemberaccording to data published on Thursday. On the other hand, The number of people who requested state unemployment aid in the US stood at 224,000 last weekbelow the 225,000 expected. However, the previous week’s figure was revised upwards to 237,000, compared to a previous estimate of 236,000.
The four-week moving average of new claims, which is considered a more reliable indication of labor market trends as it reduces spikes in volatility, rose to 217,500.
Returning to the market’s leading stocks, Coinbase shares are advancing after the company announced the launch of several new investment products, deepening its strategy to transform itself into an all-encompassing exchange platform, in direct competition with Robinhood.
The cryptocurrency exchange will begin offering stocks and streamlined futures and trading on its platform, as well as a prediction markets offering in collaboration with Kalshi. It will also allow trading of tokenized versions of traditional assets. Coinbase shares rise 4%.
Investors will also have to keep an eye on the price of Lululemon Athletica. According to information provided by The Wall Street Journalthe activist investor Elliott Investment Management has amassed a stake of more than $1 billion at the struggling retailer. Elliott would have been working on Lululemon for months with executive Jane Nielsen, former chief financial officer and chief operating officer of Ralph Lauren. Lululemon Athletica is seeking a replacement for current CEO Calvin McDonald, who will step down at the end of January. The shares rise 6.15% in the early stages of trading.
Trump Media soars in the stock market by 25% after announcing its merger with TAE Technologies. The all-stock operation is valued at more than $6 billion and is expected to close in mid-2026.
In pharma, Eli Lilly & Co has said a late-stage trial shows its anti-obesity pill helped patients maintain most of their weight loss after they switched directly from Wegovy and Zepbound injections.
The positive data from the trial suggest that the pill could be an effective transitional treatment for patients who want to maintain their weight loss, but do not want to receive weekly injections long-term. Many people who stop these injections regain much of the weight they initially lost.
In commodity markets, oil prices remain rising as investors continue to monitor peace negotiations in Ukraine, including possible additional sanctions on Russia, and the US blockade of Venezuelan oil tankers. US West Texas oil futures rose 0.93% to $56.35 per barrel, while international benchmark Brent crude rose 0.75% to $60.13.
The euro lost 0.04% against the dollar, leaving the exchange rate at 1.1739 dollars for each single currency.