While overall, the news about inflation was positive Thursday morning, one tidbit hit home for us: we aren’t the only ones whose power bills seem to be soaring, with the latest data showing electricity prices up nearly 7% year over year, the highest since 2023.
After a string of dismal trading days, US stocks soared on a sack full of good news that reversed this week’s downward trend and made visions of a Santa Claus rally dance in traders’ heads.
Micron’s earnings report after the bell Wednesday absolutely smashed all expectations, lifting a trove of tech stocks with it as the AI trade lit back up. Investors also cheered yesterday’s inflation data, which came in well below economists’ expectations. The S&P 500, Nasdaq 100, and Russell 2000 all celebrated cheery gains.
