NEW YORK — U.S. stocks are drifting at the open of trading as the market’s big burst following Donald Trump’s election continues to cool. The S&P 500 added 0.1% in early Thursday trading. The Dow Jones Industrial Average rose 121 points, and the Nasdaq composite gained 0.2%. The Walt Disney Co. helped lead the market after reporting a stronger profit than analysts expected. ASML, a major supplier to the global chip industry, also gave some encouraging signals for semiconductor sales.
Subscribers to its streaming service, Disney+, also came in higher than expected and the entertainment behemoth raised its 2025 guidance ahead of analysts' projections. U.S. consumer inflation accelerated in October, but an underlying measure called “core inflation” did not rise. Such core inflation can be a better predictor of future trends, economists say, so the figures added to expectations for more help from the Federal Reserve.
While lower interest rates can give a boost to the economy and to prices for investments, they can also fuel inflation. Japan's Nikkei 225 index fell 0.5% to 38,535.70 and the Kospi in South Korea gained 0.1% to 2,418.86. Australia's S&P/ASX 200 gained 0.4% to 8,224.00.
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