"S&P 500 and Nasdaq Futures Surge Following CPI Surprise"

US stock futures rose after higher-than-expected inflation data, with S&P 500 and Nasdaq futures gaining 0.5% and 0.8% respectively, while Dow Jones futures were up 0.2%. The Consumer Price Index (CPI) showed a 0.4% monthly gain and a 3.2% annual increase, slightly higher than expectations, influencing expectations for a Federal Reserve interest-rate cut. Meanwhile, bitcoin continued its rally, reaching $72,120, and Oracle shares jumped 12% on progress in cloud computing. Apple's stock has been underperforming due to concerns about AI plans, China demand, and regulatory worries.