Stock Market Today: Russell 2000, Nasdaq Take Flight After Surprising Inflation, Jobless Claims Data

Market Overview - The U.S. markets opened positively, with the S&P 500 up by 1.04%, driven by a significant cooling in inflation rates reported for November, which has sparked hopes for potential rate cuts next year [3][4] - A notable 70.3% of U.S. issues are rising today, indicating a strong market sentiment, particularly in the tech sector [2] Sector Performance - The tech sector is experiencing substantial gains, with Micron Technology leading the charge, up by 10.9% due to optimistic forecasts related to AI and memory chip supply constraints [3][5] - Other tech stocks benefiting from this trend include Sandisk (+7.4%) and Western Digital (+7%) [3] Treasury and Commodities - The 10-year Treasury yield has decreased by 3.9 basis points to 4.112%, reflecting the market's reaction to recent economic reports [6] - In commodities, WTI Crude is up by 0.68% to $56.32, although many energy stocks are struggling due to concerns over geopolitical tensions affecting oil prices [7]