Micron Technology, Stock and Inflation
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Stocks jumped following the latest reading on consumer inflation that could help set expectations for the path of interest rates.
Stock index futures pointed to a higher open Thursday as the AI trade got some of its groove back thanks to Micron (MU). Investors were also cheered by a significantly softer-than-expected consumer inflation report.
US stocks are jumping on Thursday following an encouraging report on inflation that could help the Federal Reserve keep cutting interest rates next year.
Markets wrapped up the day with dealmaking, data, and volatility all in focus. Trump Media jumped after unveiling a surprise pivot into nuclear fusion, while softer-than-expected US inflation boosted hopes that rate cuts are edging closer.
While the central bank is expected to keep rates at 2%, ECB President Christine Lagarde said it was likely to lift its euro zone growth forecasts again. In September, it had raised its annual GDP growth forecast to 1.2%. Riksbank, and Norges Bank will also hold their last monetary policy decisions for 2025 this week.