Stocks Trade Mostly Higher as Investors Applaud Revised Inflation Data

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Stocks traded mostly in the green on Friday afternoon, pointing to another record-setting session as investors applauded a revision of December inflation data that showed it was even lower than first reported.

Stocks traded mostly in the green on Friday afternoon, pointing to another record-setting session as investors applauded a revision of December inflation data that showed it was even lower than first reported. The S&P 500 (^GSPC) rose 0.5% after Thursday's hard-won record close put the benchmark within three points of ending above 5,000 for the first time. The Dow Jones Industrial Average (^DJI) slipped roughly 0.

2% or 60 points, while tech-heavy Nasdaq Composite (^IXIC) led the way higher, gaining 1.2%. A stream of well-received quarterly earnings has buoyed stocks in a week thin on economic updates, which have been driving shifts in direction thanks to their importance to the Federal Reserve's thinking on policy. Read more: What the Fed rate decision means for bank accounts, CDs, loans, and credit cards Given that, investors watched the revisions to the Consumer Price Index on Friday more closely than usual. Fed officials have stressed they're taking the time to check price pressures really are cooling before making any interest rate cut

 

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