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 Jones (DJIA) is trading higher on Thursday as investors digest new inflation data and the promise of tax cuts from President Trump.

European shares were higher today. The eurozone's STOXX 600 gained 0.5%, while Spain's IBEX 35 Index rose 0.7%. London's FTSE 100 gained 0.1%, Germany's DAX 40 rose 0.5% and France's CAC 40 gained 0.4% during the session.

Major stock indexes fell Wednesday, with the S&P 500 and Dow Jones Industrial Average on pace for a fourth consecutive decline, as AI bubble concerns resumed and investors digested tepid labor data.

The Dow Jones fell 400 points from the highs of the day, even slipping into negative territory at one point during the session, but managed to close with gains of over 60 points. The S&P 500 and Nasdaq also cooled from their respective highs,

Dow Jones futures rose early Thursday, along with S&P 500 futures and Nasdaq futures, with key economic data due. Micron TechnologyMU surged before the open on strong earnings and guidance, lifting some other memory-related plays and other AI-related stocks.

NASDAQ rallied amid strong demand for tech stocks. Micron, which was up by 13%, was the biggest gainer in the NASDAQ index today. The stock gained upside momentum as traders reacted to the better-than-expected earnings report.

The Dow Jones Industrial Average is up Thursday morning with shares of Amazon.com Inc. and NVIDIA Corp. leading the way for the index.

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NASDAQ is losing ground as traders reduce their positions in tech stocks. Broadcom, which is down by 5.2%, is among the biggest losers in the NASDAQ index today. Strategy declined by 6.6% as Bitcoin pulled back towards the $86,000 level.