The S&P 500 (GSPC) and Nasdaq (^IXIC) have jumped for four consecutive days, led by tech stocks. August's Producer Price Index came in line with expectations as inflation continues to cool ahead of the Federal Reserve's first interest rate cut. Meanwhile, gold (GC=F) prices hit another record high and crude oil (CL=F, BZ=F) moves 3% higher.

Yahoo Finance Senior Reporter Alexandra Canal breaks down the biggest takeaways from Thursday's trading session.

For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend.

This post was written by Melanie Riehl