U.S. stock futures trended higher on Thursday morning as investors look forward to November’s Consumer Price Index (CPI) data, which could shape the Fed’s future policy decisions. Futures on the Nasdaq 100 (NDX), the S&P 500 (SPX), and the Dow Jones Industrial Average (DJIA) were up 0.80%, 0.40%, and 0.13%, respectively, at 8:09 a.m. EST on December 18.
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During Wednesday’s regular trading session, the three major indexes closed lower, as renewed AI bubble concerns marred investor sentiment. AI stocks plunged after the Financial Times reported that one of Oracle’s (ORCL) key investors, Blue Owl Capital (OWL), withdrew from its $10 billion Michigan data center project.
Turning to trending stocks, Micron Technology (MU) shares jumped more than 13% in pre-market trading after announcing upbeat Q1 FY26 earnings and strong revenue guidance. Additionally, Lululemon (LULU) stock was up 7% on news that activist investor Elliott Management has taken a stake worth more than $1 billion in the troubled athletic apparel and footwear maker. Also, Trump Media & Technology (DJT) shares rallied 21% on news of its merger with TAE Technologies.
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