Wall Street pares gains on softer US inflation data

US stocks trimmed earlier gains at Thursday’s close as investors assessed data showing US inflation slowed more than expected, despite easing pressures in the technology sector.

By the end of the session, the Dow Jones Industrial Average rose 0.14%, or 65 points, to 47,951, after climbing as much as 1% earlier in the day.

The broader S&P 500 gained 0.79%, or 53 points, to 6,774, while the Nasdaq Composite advanced 1.38%, or 313 points, to 23,006.

In Europe, the Stoxx Europe 600 rose 0.95% to 585.35 points, supported by a 1% gain in the banking sector.

Germany’s DAX climbed 1% to 24,199 points. France’s CAC 40 added 0.8% to 8,150 points, and Britain’s FTSE 100 rose 0.65% to 9,837 points.

In Japan, the Nikkei 225 fell more than 1% to 49,001 points, while the broader Topix index slipped 0.35% to 3,356 points.

Brent crude futures for February 2026 rose 0.23%, or 14 cents, to $59.82 a barrel, while US WTI futures for January 2026 gained 0.38%, or 21 cents, to $56.15 a barrel.

Gold futures for February delivery fell 0.2%, or $9.4, to $4,364.5 an ounce.

Data released on Thursday showed US consumer price inflation slowed to 2.7% in November, defying expectations for an increase to 3.1%.