After another significant inflation reading came in lower than anticipated on Thursday, stocks increased. The S&P 500 had just closed at its highest level in more than a year when this occurred.
The Dow Jones Industrial Average gained 47.71 points, or 0.14%, to finish at 34,395.14, while the S&P 500 increased by 0.85% to 4,510.04. The Nasdaq Composite finished at 14,138.57, up 1.58%. The major averages saw advances for the fourth day in a row.