U.S. stock futures are inching higher on Thursday after markets ended lower on Wednesday, amid growing concerns regarding a “hiring recession” following the November jobs report, which was released on Tuesday.

Stocks jumped following the latest reading on consumer inflation that could help set expectations for the path of interest rates.

The stock slid close to 11% on Dec. 12 after a report of delays in its data center commitments to OpenAI. Oracle pushed back, saying its plans were on track. Among the Nasdaq 100 stocks, Shopify SHOP rallied 2%, making it one of the best performers just after the market open.

Dow, Nasdaq, S&P 500 open higher as investors focus on cooling inflation data, Trump Media merger. At 9:30 a.m. (EDT) opening bell, the Dow Jones Industrial Average rose 0.45% to open at 48,101.18 points.

Major stock indexes surged Thursday after delayed Consumer Price Index data came in better than expected, with the blue-chip Dow Jones Industrial Average and benchmark S&P 500 poised to end four-session losing streaks.

The Dow padded its gains after a solid morning start, rising 0.9%, while the S&P 500 accelerated its advance to 1.4%. The tech-heavy Nasdaq composite, however, led the way, rising 1.9% two hours into regular-session trading. Small caps joined the rally, with the Russell 2000 up 1.2%.

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Stocks spiked and bond yields dropped after Wall Street cheered a cooler-than-expected November inflation reading. The consumer price index for November rose at a 2.7% annual rate, which was below expectations at 3%.

The Dow shed nearly 200 points, falling 0.4% after attempting to reverse its opening loss. The S&P 500 slipped 0.4%, with Pfizer down nearly 5% following missed guidance. The tech-heavy Nasdaq composite succumbed again to the broader weakness, turning lower for a 0.2% loss. The small cap Russell 2000 also gave back early gains and fell 0.2%.

All three major U.S. stock indexes finished lower on Wednesday as a selloff in Oracle and a number of chip stocks dragged popular AI names lower.