Major Indexes Recover as Inflation Data Steers Sentiment

All three major indexes finished firmly higher as cooler-than-anticipated, albeit delayed, inflation data from November boosted investor outlook. The S&P 500 and Dow managed to snap four-session losing streaks, while the tech-heavy Nasdaq jumped 313 points to close back above 23,000. Also giving the market a boost was a fall in weekly jobless claims and an improved tech sector, uplifted by Micron Technology (MU). 

Continue reading for more on today's market, including:

• Everything scheduled during Christmas week.
• Micron Technology stock soared after blowout earnings results.
• Plus, Coinbase ditches crypto; retailer gets a lifeline; and Oracle stock options run hot.

Gold Begins to Stabilize

Concerns regarding potential sanctions against Russia and supply outcomes pushed crude futures higher. January-dated West Texas Intermediate (WTI) crude added 21 cents, or 0.4%, to close at $56.15 per barrel.

Today's soft inflation data kept gold futures inching lower, but stable. February-dated gold settled down 0.2% to close at $4,364.50 per ounce.