US stocks opened higher as inflation data met expectations, with the Dow Jones up 0.2%, the S&P 500 rising nearly 0.5%, and the Nasdaq gaining about 0.8%. The Consumer Price Index increased 2.7% year-over-year in November, supporting the likelihood of a Federal Reserve interest rate cut next week.Macy's shares fell over 10% after the retailer lowered its full-year profit guidance following an investigation into hidden expenses. Meanwhile, reports of China considering a currency devaluation impacted global markets and strengthened the dollar.
