Stocks Gain as Inflation Shows Further Signs of Cooling

Stocks Gain as Inflation Shows Further Signs of Cooling

The stock market opened higher after an inflation report that the market is pleased with. The Dow Jones Industrial Average was up 150 points, or 0.5%, while the S&P 500 and Nasdaq Composite have gained 0.6% and 1%, respectively. The core PCE index, which strips out the volatile food and energy pri

Stocks Rise as Inflation Gauge Shows Cooling

Stocks opened higher on Friday as Wall Street reacted to new data on the Federal Reserve’s preferred inflation gauge, which indicated a slowdown in inflation. The S&P 500 and the Dow Jones Industrial Average both saw gains of around 0.5%, while the tech-heavy Nasdaq Composite led the way with a rise of over 0.9%. This positive start follows Thursday’s gains, as investors look to build momentum heading into the weekend. One key focus for investor…