Trump Media Soars 34%, Tech Stocks Rally As Inflation Drops: What's Moving Markets Thursday?

benzinga_article
2025.12.18 18:40
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Trump Media & Technology Group stock surged 34% following a $6 billion merger announcement with TAE Technologies. Tech stocks rallied as inflation cooled, with the Consumer Price Index rising 2.7% year-over-year, below expectations. Micron Technology soared 13% after a strong earnings report, boosting semiconductor optimism. Major indices rose, led by Nasdaq's 2.2% gain. Treasury yields fell, while oil and gold prices edged higher. Cryptocurrencies saw modest gains.