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US Stocks Higher; Inflation Rate Increases To 3.4% In December

Benzinga ·  Jan 11, 2024 22:44

U.S. stocks traded higher this morning, with the Nasdaq Composite gaining over 50 points on Thursday.

Following the market opening Thursday, the Dow traded up 0.07% to 37,723.53 while the NASDAQ rose 0.46% to 15,039.09. The S&P 500 also rose, gaining, 0.21% to 4,793.32.

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Leading and Lagging Sectors

Information technology shares rose by 0.8% on Thursday.

In trading on Thursday, utilities shares fell by 0.6%.

Top Headline

U.S. consumer prices increased by 0.3% month-over-month in December compared to a 0.1% rise in November and versus market estimates of 0.2%.

The annual inflation rate rose to 3.4% in December...

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