CPI Inflation Cools, Shocking Wall Street; S&P 500 Futures Climb (Live Coverage)
Market Intelligence Analysis
AI-PoweredThe November CPI inflation data showed a significant cooling, surprising Wall Street and leading to a rebound in S&P 500 futures, driven by Micron Technology's strong earnings and guidance, as well as the CPI report's unexpected outcome amidst the government shutdown.
Market impact analysis based on bullish sentiment with 72% confidence.
Article Context
Consumer price index data for November showed much lower core inflation, giving an early Christmas present to Wall Street. S&P 500 futures extended an overnight rebound after the CPI and initial jobless claims data, fueled by strong Micron Technology earnings and guidance. The CPI report is an unusual one because of the government shutdown.
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