The Dow Jones Industrial Average advanced Thursday after December's consumer price report came in line with economist expectations and showed signs of cooling inflation.
The 30-stock leaped 140.62 points to reach the mid-point of Thursday's session at 34,113.63
The S&P 500 eked up 4.51 points to 3,974.12.
The NASDAQ Composite Index gained 8.45 points to 10,948.12.
Evercore ISI downgraded Hewlett Packard Enterprise to in line from outperform on Wednesday.
Among the reasons the Wall Street firm cited were moderating IT spending and tighter budgets this year, as well as server revenues moderating from its double-digit momentum last year.
Shares of Cinemark have shed more than 30% in recent weeks but are poised to outperform following the success of “Avatar,” according to JPMorgan. That makes now a great time to snap up shares.
JPMorgan upgraded Cinemark to overweight from neutral and kept its $15 price target, which implies a more than 57% upside from where the stock currently trades.
The December report showed a 0.1% dip in prices from November but was still 6.5% higher than a year prior. In November, the report showed a 0.1% monthly gain and an annual pace of 7.1%, according to Dow Jones.
Prices for the 10-year Treasury gained ground, lowering yields to 3.49% from Wednesday's 3.53%. Treasury prices and yields move in opposite directions.
Oil prices advanced $1.72 to $79.13 U.S. a barrel.
Gold prices prospered $17.20 to $1,896.10 U.S. an ounce.