Tech stocks on display at the Nasdaq.
Peter Kramer | CNBC
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What you need to know today
U.S. inflation meets expectations
U.S. inflation quickened in November, climbing to 2.7% on-year from October’s 2.6%, while core inflation — which strips out food and energy prices — remained unchanged at 3.3%. Both metrics were in line with forecasts. While the inflation rate was higher, the majority of traders still expect the Fed to lower its benchmark rate later this month, with the CME’s FedWatch Tool reporting a 95% likelihood.
Nasdaq reaches new high
Alphabet and Tesla climbed to fresh highs on Wednesday, joining Amazon and Meta to propel the Nasdaq past 20,000 points for the first time. The four tech giants…
