US close: Stocks higher as traders digest August CPI reading
By Iain Gilbert
Date: Thursday 11 Sep 2025
(Sharecast News) - Major indices closed higher on Thursday as market participants digested August's all-important consumer price inflation report.
At the close, the Dow Jones Industrial Average was up 1.36% at 46,108.00, while the S&P 500 advanced 0.85% to 6,587.47 and the Nasdaq Composite saw out the session 0.72% firmer at 22,043.07.
The Dow closed 617.08 points higher on Thursday, more than reversing losses recorded in the previous session.
Thursday's primary focus was news that US consumer prices rose more than expected in August, according to the Bureau of Labor Statistics' closely watched consumer price index, driven by higher shelter, food and energy costs. Headline CPI rose 0.4% month-on-month, up from 0.2% in July, pushing the annual rate up to 2.9% from 2.7%, with shelter costs being the largest contributor to the monthly increase, rising 0.4%, while food prices climbed 0.5%, led by a 0.6% rise in grocery items and a 0.3% uptick in dining out. Energy prices rose 0.7%, with gasoline up 1.9% over the month. Core CPI, which strips out volatile food and energy prices, rose 0.3% for the second consecutive month, lifting the annual rate to 3.1%. Notable increases were seen in airline fares, used vehicles, apparel and new cars, while medical care, recreation and communication posted declines.
Today's CPI reading comes just 24 hours after August's producer price index revealed an unexpected decline of 0.1%. On an annualised basis, PPI rose 2.6%. It also adds pressure to the Federal Reserve ahead of next week's two-day policy meeting, where markets have already priced in a potential 25 basis point rate cut.
Elsewhere on the macro front, Americans lined up for unemployment benefits at an accelerated pace last week, according to fresh data from the Department of Labor, hitting the highest level for initial claims since October 2021. Initial jobless claims surged by 27,000 to a seasonally adjusted 263,000 in the week ended 6 September, well above consensus forecasts of a modest decrease to 235,000, while continuing claims, which track those still receiving benefits, was unchanged at 1.93m, better than the 1.95m expected. The four-week moving average, which aims to strip out week-to-week volatility, came to 240,500, up by 9,750 from the previous week's downwardly revised print of 230,750.
In the corporate space, Kroger reported a solid set of second-quarter results on Thursday, with adjusted earnings per share rising 12% year-on-year and operating profits climbing to $863m, while Adobe reported better-than-expected Q3 results, with revenue increasing 11% year-on-year.
Reporting by Iain Gilbert at Sharecast.com
Dow Jones - Risers
Dow Chemical Co. (DOW) $25.02 4.99%
3M Co. (MMM) $159.47 3.84%
Travelers Company Inc. (TRV) $279.43 2.61%
Home Depot Inc. (HD) $423.42 2.47%
Walmart Inc. (WMT) $102.65 2.23%
Caterpillar Inc. (CAT) $431.38 2.00%
Unitedhealth Group Inc. (UNH) $353.61 1.97%
Goldman Sachs Group Inc. (GS) $784.73 1.97%
American Express Co. (AXP) $329.32 1.85%
JP Morgan Chase & Co. (JPM) $305.56 1.67%
Dow Jones - Fallers
Boeing Co. (BA) $219.99 -3.31%
Intel Corp. (INTC) $24.61 -0.69%
Coca-Cola Co. (KO) $67.62 -0.29%
Apple Inc. (AAPL) $230.03 -0.29%
Dowdupont Inc. (DWDP) $0.00 0.00%
Walgreens Boots Alliance, Inc. (WBA) $11.98 0.00%
Microsoft Corp. (MSFT) $500.37 0.00%
International Business Machines Corporation (CDI) (IBM) $257.01 0.05%
Nike Inc. (NKE) $74.33 0.11%
Cisco Systems Inc. (CSCO) $67.69 0.24%
S&P 500 - Risers
Centene Corp. (CNC) $34.08 8.99%
Lam Research Corp. (LRCX) $115.58 8.81%
Micron Technology Inc. (MU) $150.57 7.69%
Synopsys Inc. (SNPS) $438.10 7.58%
Celanese Corp. (CE) $46.87 5.99%
Equifax Inc. (EFX) $260.23 5.98%
Norwegian Cruise Line Holdings Ltd (NCLH) $26.94 5.94%
Apache Corp. (APA) $22.98 5.22%
Advance Auto Parts (AAP) $62.20 5.19%
Willis Towers Watson Public Limited Company (WTW) $340.45 5.16%
S&P 500 - Fallers
Oracle Corp. (ORCL) $307.86 -6.23%
Netflix Inc. (NFLX) $1,203.50 -4.24%
Advanced Micro Devices Inc. (AMD) $155.67 -3.75%
Boeing Co. (BA) $219.99 -3.31%
NRG Energy Inc. (NRG) $157.92 -2.04%
Adobe Systems Inc. (ADBE) $350.55 -2.03%
Fifth Third Bancorp (FITB) $45.27 -1.97%
Amazon.Com Inc. (AMZN) $229.95 -1.93%
Fastenal Co. (FAST) $47.33 -1.71%
MGM Resorts International (MGM) $35.34 -1.70%
Nasdaq 100 - Risers
Qvc Group Inc Series A (QVCGA) $10.83 23.30%
Lam Research Corp. (LRCX) $115.58 8.81%
Micron Technology Inc. (MU) $150.57 7.69%
Synopsys Inc. (SNPS) $438.10 7.58%
Tesla Inc (TSLA) $368.81 5.21%
Biogen Inc (BIIB) $148.86 4.25%
PACCAR Inc. (PCAR) $101.74 3.90%
KLA-Tencor Corp. (KLAC) $959.28 3.76%
Liberty Global plc Series A (LBTYA) $11.96 3.46%
Liberty Global plc Series C (LBTYK) $12.11 3.37%
Nasdaq 100 - Fallers
Netflix Inc. (NFLX) $1,203.50 -4.24%
Adobe Systems Inc. (ADBE) $350.55 -2.03%
Amazon.Com Inc. (AMZN) $229.95 -1.93%
Mercadolibre Inc. (MELI) $2,338.20 -1.72%
Fastenal Co. (FAST) $47.33 -1.71%
Starbucks Corp. (SBUX) $82.36 -1.67%
Workday, Inc. (WDAY) $226.62 -1.45%
Idexx Laboratories Inc. (IDXX) $645.16 -1.15%
Booking Holdings Inc. (BKNG) $5,489.13 -0.92%
Intuit Inc. (INTU) $660.02 -0.84%
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