Sentiment remained fragile after Wednesday’s sharp equity selloff, driven by heavy losses in AI-linked semiconductor names. In contrast, after-hours trading offered a bright spot as Micron shares jumped about 7% following strong earnings and upbeat guidance, shifting some attention back to the corporate outlook ahead of more major results.

U.S. mortgage costs edged higher in the week ending December 12, with the average 30-year fixed rate rising to 6.38%, according to the Mortgage Bankers Association. 

The dollar index hovered near 98.4, holding onto gains from the previous session as investors positioned for the CPI release. With inflation still expected to sit above target, currency markets reflected a more cautious tone around the Fed’s next steps, keeping the greenback supported into the data.

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