11:27 AM EST, 12/18/2025 (MT Newswires) -- All three major US stock indexes were up in late-morning trading Thursday after the latest batch of inflation data came in lower than expected.
The US seasonally adjusted consumer price index, a measure of inflation, rose by 2.7% in November from the year-ago period, below expectations for a 3.1% increase in a survey conducted by Bloomberg. Core CPI, which excludes food and energy prices, rose by 2.6% annually, also beneath the consensus estimate of 3.0%.
In company news, Micron Technology (MU) reported fiscal Q1 adjusted earnings late Wednesday of $4.78 per diluted share, up from $1.79 a year earlier and above the FactSet consensus analyst estimate of $3.96. Fiscal Q1 revenue was $13.64 billion, up from $8.71 billion a year ago and above the FactSet consensus of $12.91 billion. For fiscal Q2 the company said it expects adjusted EPS of $8.42, plus or minus $0.20, on revenue of $18.70 billion, plus or minus $400 million. Analysts polled by FactSet expect $4.78 and $14.33 billion, respectively. Micron shares were up by more than 11% in late morning trading on Thursday.
Trump Media & Technology Group (DJT) and TAE Technologies said Thursday they have agreed to merge in an all-stock deal valued at over $6 billion. The deal is expected to close in mid-2026, the companies said. Trump Media (DJT) shares were 32% higher in recent trading.
Elliott Investment Management has amassed a stake of over $1 billion in Lululemon Athletica (LULU) and is bringing a potential chief executive candidate to the retailer, The Wall Street Journal reported Wednesday, citing sources familiar with the matter. The activist investor has been working with Jane Nielsen, a veteran retail executive, who it sees as a possible CEO candidate at Lululemon, the report said. Lululemon shares were nearly 6% higher in late morning trading.
Price: 249.30, Change: +23.60, Percent Change: +10.45
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