12:26 PM EDT, 09/11/2025 (MT Newswires) -- US equity indexes rose in midday trading on Thursday, with all three benchmark gauges touching all-time highs intraday, as odds favoring three interest-rate cuts this year jumped following a hot consumer price inflation print and a surge in jobless claims.

The Dow Jones Industrial Average traded up 1.3% to 46,058.3, after hitting an all-time high of 46,085.50. The Nasdaq Composite was up 0.7% to 22,030.1, after scaling a new peak of 22,048.65 earlier in the session. The S&P 500 traded 0.8% higher at 6,581.2, after touching a record 6,586.75.

The consumer price index rose by 0.4% in August, up from 0.2% in July and representing the highest since January, the Bureau of Labor Statistics reported Thursday. A Bloomberg-polled consensus was 0.3%. Annually, inflation accelerated 2.9% from 2.7%, in line with the outlook.

Core inflation was steady at 0.3% in August, while the annual core measure was unchanged at 3.1%. Both prints were in line with market expectations.

Initial jobless claims rose to 263,000 in the week ended Sept. 6 from a downwardly revised 236,000 in the previous week, compared with expectations for 235,000 in a Bloomberg-compiled survey. Initial claims were at their highest since the week ended Oct. 23, 2021, at 268,000.

Markets are now pricing a 75% probability that the Federal Open Market Committee will lower interest rates by 75 basis points by December, up from 68% a day ago, according to the CME FedWatch Tool. There is a 9.3% likelihood that the Fed will reduce its target rate by 100 basis points between September and December.

Treasury yields fell, with the 10-year down 2.1 basis points to 4.01% and the two-year rate declining 2.7 basis points to 3.51%.

In company news, shares of Centene ( CNC ) surged more than 12% intraday, the top gainer on the S&P 500, after the company said in a regulatory filing that its business and financial results through August are consistent with its full-year 2025 forecast.