With the final piece of the puzzle for the Fed's interest rate decision next week—the August CPI data—now in place, traders have fully priced in three consecutive rate cuts by the Fed within the year, amid moderately rising and largely expected US inflation and a series of weak employment data.

At Thursday's close, all three major US stock indices collectively rose, simultaneously setting new historical records. As of the close, the S&P 500 was up 0.85% at 6,587.47 points; the Nasdaq Composite rose 0.72% to 22,043.07 points; and the Dow Jones Industrial Average increased 1.36% to 46,108 points, marking the first time in history the Dow has surpassed the 46,000-point mark.

Oliver Pursche, Senior Vice President and Advisor at Wealthspire Advisors, stated that the slight increases in US CPI and core CPI were in line with expectations, reinforcing the view that the Fed will cut rates next week. "The rise in unemployment claims suggests the possibility of a 50-basis-point cut rather than 25 basis points, although I think the likelihood is small. But 'bad news is good news.'"

Popular tech stocks saw mixed performances. At the close, JPMorgan rose 1.67%, Apple gained 1.43%, Google-C increased 0.51%, Microsoft edged up 0.13%, while Broadcom fell 2.69%, TSMC dropped 0.59%, Amazon declined 0.16%, Meta decreased 0.14%, and Nvidia slipped 0.08%. Oracle failed to extend its gains, falling 6.23%.

Tesla rose 6.04%. On September 11, Tesla's official website showed that the estimated delivery time for the Model Y L, if ordered now, is November, meaning that all Model Y L units available for sale in October have been sold out.

US memory chip company Micron Technology surged over 7%, and flash memory giant SanDisk jumped 14%, with both companies recording "seven consecutive days of gains." Analysis suggests that behind their impressive rallies, aside from previous price increases, is the strong support of the AI narrative.