CPI Inflation Cools, Shocking Wall Street; S&P 500 Rallies (Live Coverage)

Consumer price index data for November showed much lower core inflation, giving an early Christmas present to Wall Street. The S&P 500 rallied, extending an overnight rebound after the CPI and initial jobless claims data, fueled by strong Micron Technology (MU) earnings and guidance. The CPI report is an unusual one because of the government shutdown. The Bureau of Labor…