US stocks rose Wednesday after the Fed's PCE inflation gauge came in below expectations, easing rate-hike bets. The S&P 500 gained 0.4%, the Nasdaq 100 rose 0.6%. Core PCE rose 0.2%, consumer spending hit a 14-month high.

Traders now see a 36% chance of an October rate hike, down from coin-toss odds. Wells Fargo's Gary Schlossberg noted consumer resilience. Fifth Third's Bill Adams said inflation is trending down but still above target, keeping October in play.

Brent crude rose to $103. JPMorgan and Goldman see Middle East oil flows near pre-war levels. Micron Technology reports earnings after the bell, a key AI supply-chain bellwether.

Catalyst's David Miller called it central to AI buildout constraints. XTB's Kathleen Brooks said the stock is priced for perfection, up 15% in a month and 260% YTD. Cal-Maine Foods slid after missing sales and skipping its dividend.

Moderna fell after Citi downgraded it to sell.