The stock market enjoyed a broad rally, however, largely on account of core CPI—which strips out food and energy costs—slowing for the first time since July, hitting 3.2 percent annually, down from November’s 3.

Indexes closed lower on Thursday, with the tech-heavy Nasdaq falling almost 1%, led by a slide in mega-cap tech stocks like Apple and Nvidia.

World stocks are mixed follow Wall Street’s mostly positive performance ahead of key U.S. inflation data that could influence the pace of the Federal Reserve’s rate cuts.