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Stocks open higher as Fed-favored inflation data comes in cool: Stock market news today

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US stocks rose at the open on Friday, as Wall Street assessed a fresh read on the Federal Reserve's preferred inflation gauge.

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McCarthy is still trying to get holdouts within the House GOP on board with his own spending proposal. If funding lapses, the effects could include passport processing delays, federal employee furloughs, and the U.S. military not getting paid. The risks of a shutdown received little attention during Wednesday's Republican GOP debate, prompting criticism from former Congressional Budget Office Director Doug Holtz-Eakin that the contenders showed little "concern" for the issue.

 

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