Stock market news today: Nasdaq has best win streak since September – Business Insider

Mega-cap tech stocks powered the stock market higher on Wednesday, with the Nasdaq 100 jumping as 1.76%.
The gain helped the Nasdaq notch a four-day win streak, its best showing since September. Investors have turned their attention to the highly anticipated December consumer price index report, which is set to be released Thursday at 8:30 a.m. ET.
Consensus expects headline inflation to come in at 6.5% year-over-year, and for core inflation to be 5.7%. On a month-over-month basis, headline and core inflation are expected to be -0.1% and 0.3%, respectively. 
The December CPI report will inform investors as to whether the Federal Reserve needs to continue hiking interest rates aggressively to tame inflation, or if the central bank can pull back as inflation shows fresh signs of cooling off. Consumer inflation has already slowed to 7.1% in November from 9.1% in June.
After the Thursday CPI report, investors will turn their attention to fourth-quarter earnings, which are set to kick off this Friday with the banks.
Here’s where US indexes stood at the 4:00 p.m. ET close on Wednesday:
Here’s what else happened today:
In commodities, bonds and crypto:
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