Stocks ticked higher Thursday after December's consumer prices report came in line with economist expectations and showed signs of cooling inflation.
The Dow Jones Industrials rocketed 133.05 points to kick off Thursday at 34,106.06
The S&P 500 improved 10.9 points to 3,980.51.
The NASDAQ Composite Index hiked 25.33 points to 10,957.
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.
Disney shares added more than 1% in early morning trading after the company elected independent director Mark Parker as Chairman of the board. It also opposed activist investor Nelson Peltz's attempt to join the board as the two sides prepare for a proxy battle.
American Airlines gained 5% after the company lifted its fourth-quarter guidance, citing strong demand and high fares.
Bed Bath & Beyond advanced 16% pre-market, continuing to rally after a handful of meme stocks surged Wednesday. The stock surged almost 69% in Wednesday's session.
Prices for the 10-year Treasury gained a bit of ground, lowering yields to 3.52% from Wednesday's 3.53%. Treasury prices and yields move in opposite directions.
Oil prices advanced 65 cents to $78.06 U.S. a barrel.
Gold prices prospered $7.40 to $1,886.30 U.S. an ounce.