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.

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.

Dow Transportation index is considered a bellwether for the broad market — but that might be overstating things.

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.

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 Index dropped for three consecutive days as jitters surrounding the artificial intelligence (AI) industry continued.

The Dow Jones tracks 30 of the largest American companies across different sectors. Verizon, Chevron, and Merck hold the highest dividend yields in the Dow Jones. Chevron, Merck, and Coca-Cola stand out as buys heading into 2026.

NASDAQ pulled back as tech stocks declined. Arm Holdings, Broadcom, and Advanced Micro Devices were among the biggest losers in the NASDAQ index today. AI-related stocks found themselves under pressure amid valuation concerns.

In the apparel-clothing stocks group, Gildan Activewear GIL also broke out of a cup base with a buy point of 62.56 before retreating. The blue dot on its chart on IBD MarketSurge shows that its relative strength line is at a new high. Shares were up nearly 4% in recent action.