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US stock market forecast | November CPI data meets expectations, the three major futures indexes rise sharply; Quantum Computing concept stocks surge before the market, with Rigetti and Quantum both climbing over 10%.
Pre-market up over 1%, Tesla's sales in China for December usher in a "good start": first week sales of 0.0219 million Autos, Cybertruck has completed Energy consumption declaration in China; Google executive: Search AI is the biggest bet, with an expected investment of 50 billion in 2024.
Benzinga Market Summary: CPI Figures In Line With Estimates, Bitcoin Rises, Kroger-Albertsons Deal Terminated
The USA CPI is as expected; did the Federal Reserve's interest rate cut in December become stable?
The latest CPI report indicates that inflation is not worse than expected, and analysts believe this paves the way for the Federal Reserve to cut interest rates by 25 basis points next week.
CPI in Charts: M/M Headline Inflation Sees Highest Rate Since April
Express News | US Nov. CPI YoY +2.7% Vs +2.7% Forecast, Prior +2.6%
USA Core CPI (MoM) For November 0.3% Vs 0.3% Est.; 0.3% Prior