Wall Street Rises After an Encouraging Inflation Update, as Micron Helps AI Stocks Stop Their Slide

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NEW YORK (AP) — U.S. stocks rose following an encouraging report on inflation that could help the Federal Reserve keep cutting interest rates next year. A strong profit report from Micron Technology also helped AI stocks halt their sharp slides on Thursday, at least for now. The S&P 500 gained 0.8% to break a four-day losing streak. The Dow Jones Industrial Average added 0.1%, and the strength for tech stocks sent the Nasdaq composite up 1.4%. Treasury yields eased in the bond market after the report showed U.S. inflation was less bad last month than economists expected.

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