Stocks remained relatively steady on Friday as investors monitored earnings reports and responded to Federal Reserve Chairman Kevin Warsh’s recent remarks expressing concern about rising inflation.
The S&P 500 declined slightly by 0.1%, while the Nasdaq Composite dipped 0.2%.
The Dow Jones Industrial Average rose by 60 points, or 0.1%.
During his speech at the central bank’s annual symposium in Jackson Hole, Wyoming, Warsh acknowledged that inflation remains a concern.
He noted that although this summer’s PCE and CPI readings were better than expected, they do not indicate that the underlying inflation trends have significantly improved.
Source (CNBC)
