Stocks experienced a heavy sell-off today, with Dow closing -228 points, S&P 500 down -1.16%, Nasdaq -1.81%, and Russell 2000 -1.14%. AI stocks like Oracle, Broadcom, and NVIDIA took a hit, along with Caterpillar and Lennar Home. Tesla slid -4.6% after being accused of misleading claims by the California DMV.

Micron reported stellar Q1 results, beating earnings and revenue expectations. Operating cash flow rose +47%, with cloud memory business doubling year over year. Shares rose +5% in late trading, adding to a +168% rise in share price for the year.

Tomorrow CPI inflation rate for November is expected, with consensus at +3.1%, the highest since May 2024. Core CPI is anticipated at +3.0%. Rising inflation coupled with recent labor market erosion may signal economic challenges ahead. Investors are cautious as 2025 comes to a close.

Read more at Nasdaq: Markets Sell Off -0.5% to -1.8% Ahead of Inflation Rate Thursday