USDJPY
EURUSD
stock
Thursday stock market wrap: Soft CPI ignites relief rally in the major indices.
Key Takeaways (30s Read)
Cooling inflation data has led to a strong performance in major US indices, signaling a potential shift in market sentiment.
Major US indices had a powerful performance, breaking a four-day losing streak, fueled by a cooling inflation report and strong semiconductor sector earnings. The CPI data showed inflation slowing to 2.7% year-over-year, lower than the expected 3.1%, marking a significant multi-month low. The robust performance of Micron Technology relieved pressure in AI and chip sectors, helping Nasdaq to outperform. This 'inflation miss' has boosted confidence in potential aggressive rate cuts from the Federal Reserve in the coming year. Growth-oriented indices led, with the Nasdaq Composite regaining the psychological level of 23,000. Information Technology and Telecommunication Services were the leading sectors, benefiting from a capital rotation back into risk-on assets.
AI Analyst
AI Opinion
"Today's market reflects a shift from risk-off sentiment as inflation data eases, suggesting a potential rebound in growth stocks. The technology sector, particularly benefiting from strong performance by Micron Technology, may see upward movement in the coming sessions. However, the Federal Reserve's interest rate policies continue to pose uncertainties, necessitating careful risk management. In this environment, focusing on Information Technology and Telecommunication Services stocks may provide opportunities, but a cautious positioning approach is essential."
RECOMMENDED BROKER Trusted Broker
Maximize This Opportunity.
Turn AI-detected market inefficiencies into profit with industry-leading specs. There's a reason pros choose Exness.
Raw Spreads
0.0 pips~
Leverage
Unlimited
Execution
Instant
AI Market Analysis Team
Combining advanced AI algorithms with professional trader insights. We analyze market drivers 24/7 to provide objective trading scenarios.