Happy Friday! Stocks rallied sharply yesterday after November’s softer inflation report, however, some experts are sounding the alarm that the numbers are misleading and inaccurate. Read on for all the details and what this means for the market and your portfolio.

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In Today's Edition

• MARKET RECAP

• MARKET HEATMAP

• FIVE ZINGERS

• BENZINGA NEWSLETTER SPOTLIGHT

• MARKET HISTORY

Credibility Concerns: Markets Cheer Falling Inflation — But Can Investors Trust The Numbers?

The release of the November inflation report on Thursday lit a fuse under the market, but behind the rally is a growing debate on if the data can even be trusted.

Several notable economists and experts say the numbers are distorted by the federal government shutdown, which halted data collection in October. As a result, they say the data could very well be inaccurate and misleading.

Read on for all the details and what this means for the markets and your portfolio.

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Yesterday: U.S. indexes ripped higher Thursday, with the S&P 500 and Dow snapping four-day losing streaks, as cooler-than-expected inflation data lifted investor sentiment. November consumer price inflation rose 2.7% year over year, below forecasts (3.0%), fueling hopes that the Federal Reserve will cut interest rates even more next year. However, some experts and economists cautioned the data may be distorted due to the recent federal government shutdown. Another data point Wall Street continues to watch are initial jobless claims which dropped to 224,000 from the previous week, however, it was still above expectations (200,000). Lastly, Nike reported earnings that beat both the top and bottom lines, however, shares still fell 11% after the market close due to weaker than expected growth in China.

On Our Radar: Analysts will be watching existing homes sales and consumer sentiment reports to gauge the strength of the housing market and the overall mood of U.S. consumers. On the earnings front, all eyes will be on Carnival (CCL) and Paychex (PAYX), which report this morning.

Shares of Micron (MU) and Trump Media & Technology (DJT) skyrocketed to lead the indexes higher, while Inspire Medical Systems (INSP) and FactSet research (FDS) tanked. But those weren’t the only companies making big moves. Here’s a look at some of the biggest winners and losers on Thursday.

Discover how the market is moving with our interactive heatmap. Filter by market cap, or click on any box to explore specific sectors or assets in more detail.

Ark Shuffle: Cathie Wood-led Ark Invest, recently made some big moves. Read on to see which stocks she’s been buying and selling and why.

Just ‘Sell’ It’?: Shares of Nike plunged despite beating earning estimates on both the top and bottom lines. Read on to see what caused shares to tank and if the selloff is a buying opportunity.

Freight Gains: FedEx is making headlines with its latest earnings report, but the story goes beyond the numbers. Discover what Wall Street is buzzing about.

Exchange Wars: Coinbase is taking on Robinhood with stock trading, 24/5 access, and zero commissions, however, this is the real play that Wall Street is watching.

Stock Of The Day: Uber shares have fallen below a critical support level, hinting at more downside ahead. Learn why this could be the start of a bigger trend and how to profit.

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On This Day In 1927…

The Dow Jones Industrial Average closed above 200 for the first time ever, a major milestone more than 20 years in the making. While that level may seem modest compared with today’s market, especially after the past 20 years with average annual gains exceeding 10%, it serves as an important reminder: markets don’t rise overnight. The Dow’s slow, steady climb at the time was heavily influenced by the economic fallout caused by World War I, a reminder that major global events can stall progress for years. Yet even through prolonged uncertainty and setbacks, the market continued to move higher, rewarding those who were patient.

QUOTE OF THE DAY

“The stock market is never obvious. It is designed to fool most of the people, most of the time.“

— Jesse Livermore

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