Stocks rose on Friday as traders sought to cap out a wild month of trading on a positive note while evaluating vital inflation data that the Federal Reserve was keenly monitoring.
While the Nasdaq Composite gained 0.4%, the S&P 500 had a 0.2% increase in trading. The recent trade for the Dow Jones Industrial Average was a 0.2% decrease.
The personal consumption expenditures price index—the favoured inflation measure of the Federal Reserve—rose 2.5% from a year ago and by 0.2% on a monthly basis. It increased by 0.2% when food and energy were taken out.
Source (CNBC)
