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Russian (RU) Updated Thu, Sep 11, 2025, 6:37 AM 1 min read
US stocks rose on Thursday as the latest reading on inflation showed consumer prices ticked up in August, helping set expectations for the pace of interest rate cuts this year. Meanwhile, more data showed fresh signs of weakness in the labor market.
The Dow Jones Industrial Average (^DJI) and the S&P 500 (^GSPC) rose over 0.3%, while the tech-heavy Nasdaq Composite (^IXIC) all gained around 0.4%, on the heels of a muted but record-setting session on Wednesday.
DJI - Free Realtime Quote USD
45,709.61
+218.69
+(0.48%)
As of 9:42:16 AM EDT. Market Open.
^DJI ^IXIC ^GSPC
Thursday's Consumer Price Index (CPI) report for August exhibited some signs that President Trump's tariffs are impacting consumer costs, after the August reading on wholesale inflation came in cooler than expected.
Read more: The latest on Trump's tariffs
The CPI report showed inflation remained sticky last month, with the annual headline rate rising to 2.9%, compared with 2.7% in July. Month over month, prices rose 0.4% compared to July's 0.2% increase, an uptick compared to economists' expectations of a 0.3% monthly gain.
But in a shift from the past, markets are expected to shrug off the persistent price pressures.
The print isn't expected to dissuade the Federal Reserve from lowering rates at its meeting next week, as recent federal data has shown cracks in the labor market. An update on weekly jobless claims Thursday continued to paint the picture of a weakening labor market, with applications for unemployment benefits jumping to 263,000, the most in nearly four years.
Traders see a 90% chance of a quarter-point reduction in September.
On the earnings front, Kroger (KR) and Adobe (ADBE) are on Thursday's docket.
LIVE 12 updates
Stocks rise at the open, set for fresh records
US stocks rose on Thursday after the latest inflation report and federal employment data.
The Dow Jones Industrial Average (^DJI) and the S&P 500 (^GSPC) rose over 0.3%, while the tech-heavy Nasdaq Composite (^IXIC) all gained around 0.4%. The gains put the S&P 500 and Nasdaq on track for fresh highs after a muted but record-setting session on Wednesday.
DJI - Free Realtime Quote USD
45,709.61
+218.69
+(0.48%)
As of 9:42:16 AM EDT. Market Open.
^DJI ^IXIC ^GSPC
Fed still likely on course for rate cuts after data shows sticky inflation, rising jobless claims
Bets that the Federal Reserve will cut interest rates at its next policy meeting remained intact following Thursday’s consumer price report, but not because the central bank is seeing progress on one half of its dual mandate.
“The CPI, it’s still too firm,” New Century Advisors' Claudia Sahm told Yahoo Finance. “This is not consistent with making progress toward 2%. When [Fed officials] cut next week, they will not be cutting because we have good news on inflation. They’ll be cutting because we have bad news on employment.”
Weekly jobless claims rising to 263,000 also added to that picture, after revisions earlier this week showed the US economy employed 911,000 fewer people than initially thought.
As of 9 a.m. ET, traders held 90% odds of a quarter-point rate cut, according to the CME FedWatch tool, while odds of a larger half-point cut were 9.1%.
Jobless claims surge to highest in nearly 4 years
Weekly applications for unemployment benefits jumped to the highest level in nearly four years, as the US labor market continued to show signs of weakness.
Initial jobless claims for the week ending Sept. 6 jumped 27,000 to 263,000. That number was also well above economists' expectations.
The data is consistent with a gradually weakening labor market. Last week's August jobs report showed the economy added just 22,000 jobs in the month, while revisions continued to drag previous months lower. This week, the government said the US economy likely added 911,000 fewer jobs than were previously reported in the 12-month period ending in March.
The softening labor market has most traders certain of a rate cut from the Federal Reserve next week, with over 90% of bets on a quarter-point cut.
Inflation ticks up in August, complicating Fed’s rate cut path
The closely watched August Consumer Price Index report is out. Yahoo Finance's Allie Canal reports what the data says:
Kroger stock rises after company posts earnings beat, raises guidance
Kroger (KR) stock rose more than 1% in premarket trading after the supermarket operator beat earnings estimates and raised the low end of its full-year profit guidance.
The company reported earnings per share of $1.04, topping Wall Street’s estimates of $1 and above the $0.93 per share earnings it reported a year ago. Revenue remained flat year over year, coming in at $33.9 billion. Analysts were looking for $34.1 billion, according to S&P Global Market Intelligence.
NYSE - Nasdaq Real Time Price USD
As of 9:42:16 AM EDT. Market Open.
Kroger adjusted its 2025 outlook and now sees same-store sales growth in a range of 2.7%-3.4%, above its previous range of 2.25%-3.25%. At the same time, it raised the low end of its earnings per share guidance by $0.10. Earnings per share are now expected to be between $4.70-$4.80 for the year.
Kroger has been undergoing a restructuring to streamline its operations under interim CEO Ron Sargent, including by cutting 1,000 jobs and closing some 60 stores. The company ousted longtime CEO Rodney McMullen in March following a probe into his conduct.
“Kroger delivered another quarter of strong results, which demonstrates the clear and measurable progress we’ve made on our priorities — to simplify our organization, to improve the customer experience and to focus on work that creates the most value,” Sargent said in a statement.
What economists expect from the August CPI report
US stock futures rose modestly less than an hour before the closely watched Consumer Price Index (CPI) report is due to be released. Investors are awaiting signs of how much President Trump’s tariffs are impacting consumer costs and whether the report bolsters the case for the Federal Reserve to cut interest rates as soon as next week.
Yahoo Finance's Allie Canal previews what to expect:
Opendoor shares soar after it names new CEO
Opendoor (OPEN) has named Shopify's (SHOP) COO Kaz Nejatian as its next CEO, news that sent the online housing marketplace's stock surging over 35% in premarket trading.
Opendoor is working to reinforce its reputation as a serious business after blowing up into a meme stock. Its shares tripled in July as new buyers rushed in, and have surged more than 250% this year so far.
Nejatian brings a track record in AI to the role, Opendoor said in a statement on Wednesday. It also said co-founders Keith Rabois and Eric Wu are returning to its board, with Rabois to take the role of chairman.
Previous CEO Carrie Wheeler stepped down in August, after Opendoor came under pressure from investors to oust her.
Good morning. Here's what's happening today.
It's hard being young in this economy
It's a tough market for job seekers right now. It's an even tougher one for young people, Yahoo Finance's Hamza Shaban notes in today's Morning Brief.
He reports:
Premarket trending tickers: Synopsys, Oracle and tech stocks
Here's a look at some of the top stocks trending in premarket trading:
Synopsys Inc. (SNPS) stock rose 3% before the bell on Thursday, rebounding after the chip-design software maker suffered its worst single-day decline on record on Wednesday after warning that US export restrictions are contributing to a slowdown in China.
Oracle (ORCL) stock rose 1% in premarket trading on Thursday after it soared more than 36% Wednesday, marking shares' biggest daily gain since December 1992 and adding over $250 billion in market value to the company.
Tech stocks, Nvidia (NVDA) and Broadcom (AVGO), which supply semiconductors used in data centers, were also marginally up following Oracle's rally, extending gains from the previous session.
Alibaba stock rises as it pursues $3.2 billion fundraising deal
Shares of Alibaba moved up over 2% in premarket trading on news that the Chinese e-commerce company is seeking to raise $3.17 billion in funds.
Bloomberg reports:
Oil prices hold gains amid Russia-US discussions
Bloomberg reports:
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