Stocks rebounded today on cooler November consumer price data, with the S&P 500, Nasdaq Composite, and Dow Jones Industrial Average all posting gains. Micron Technology rallied on strong earnings, easing pressure on large-cap AI leaders like Nvidia and Oracle. Market optimism stemmed from lower-than-expected inflation, boosting odds of Fed rate cuts.

The CPI data and Micron’s results calmed tech stock jitters, with the Nasdaq erasing some recent losses. Oil prices edged up due to geopolitical risks in Venezuela and Russia, following concerns of oversupply. This market upturn bodes well for investors eyeing a potential Santa rally, as earnings reports will be key indicators.

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Read more at Nasdaq: Stock Market Today, Dec. 18: Stocks Rise on Better-Than-Expected Inflation Data