Following a week and month of losses on Wall Street, the most recent personal consumption expenditures price index came in line with forecasts, leaving the S&P 500 unchanged on Friday.
The Nasdaq Composite suffered a 0.3% decline, while the broad market index increased by 0.1%.
This was surpassed by the Dow Jones Industrial Average, which increased by 121 points, or 0.2%.
A report from the Commerce Report stated that the most recent PCE reading indicated a small decrease in inflation in 2013.
The PCE price index, the US Federal Reserve’s favoured indicator of inflation, rose 2.5% annually and 0.3% monthly.
Source (CNBC)
