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Kiplinger
Kiplinger
Business
David Dittman

Cooler Inflation Supports a Relief Rally: Stock Market Today

Inflation MU Stock Market DJT TAE Bill Adams Matt Bryson LULU Micron TradingView
(Image credit: Getty Images)

A belated but better-than-expected read on still-spotty consumer price data was enough to support a relief rally for the stock market on Thursday. Strong earnings and guidance from a major player in the AI revolution provided a fresh bounce for a beleaguered technology sector and elevated the risk-on mood.

Core inflation has cooled to its lowest level since early 2021, according to the November CPI report. The Consumer Price Index (CPI) increased at an annual rate of 2.7% through November and 0.2% from September to November, the Bureau of Labor Statistics said before the opening bell.

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