Tech Surge and Tesla Peak as Fed Eyes Rate Cut

Wall Street saw gains on Wednesday as November inflation data met expectations, boosting confidence in a Federal Reserve interest rate cut next week. The Consumer Price Index rose 2.7% year-over-year, aligning with forecasts, while core inflation remained steady at 3.3%. This increased the likelihood of a 25-basis-point rate cut to 96%. The S&P 500 and Nasdaq 100 indices rose, with Tesla hitting an all-time high following a Goldman Sachs price target increase. Treasury yields dipped, and the U.S. dollar index remained stable.