US stock futures edge lower after Wall St rallies on soft CPI print

Wall Street closed higher, buoyed by a rally in technology stocks and favorable inflation data, indicating a positive shift in market sentiment. This increase reflects investor confidence in the tech sector's resilience and potential for growth.

Gold and silver prices experienced a recovery after the release of the November Consumer Price Index (CPI) report, which provided insights into inflation trends. This recovery follows a period of volatility in the precious metals market, where both metals had faced losses prior to the report's release.

U.S. consumer inflation rose by 2.7% in November, a figure that was lower than many analysts had anticipated. This increase follows a period of uncertainty due to a government shutdown that affected data collection, raising questions about the accuracy of the reported figures.

UK inflation fell to 3.2% in November, a decrease that undershot most expectations, indicating a continued struggle with inflationary pressures despite recent declines. This figure reflects ongoing economic challenges as consumers face rising prices, particularly in essential goods like food.