Stock market today: Dow, S&P 500, Nasdaq rise as CPI inflation picks up, jobless claims surge

Group 1 - US stocks experienced a rise on Thursday, with the Dow Jones Industrial Average and S&P 500 increasing over 0.3%, and the Nasdaq Composite gaining around 0.4% [1] - The Consumer Price Index (CPI) report for August indicated an annual headline inflation rate of 2.9%, up from 2.7% in July, with month-over-month prices rising by 0.4% compared to July's 0.2% increase [2] - The Federal Reserve is expected to proceed with interest rate cuts despite persistent inflation pressures, as recent labor market data shows signs of weakness, including a jump in unemployment benefit applications to 263,000, the highest in nearly four years [3] Group 2 - Traders are anticipating a 90% chance of a quarter-point reduction in interest rates during the September meeting [4] - Companies such as Kroger and Adobe are scheduled to report earnings on Thursday [4]