NEW YORK (AP) — Most U.S. stocks are ticking higher on Friday after a report showed that inflation is behaving roughly as economists expected, even if it’s still high.
The S&P 500 rose 0.2% and was on track for its first gain in four days. The Dow Jones Industrial Average was up 206 points, or 0.4%, as of 10:15 a.m. Eastern time, and the Nasdaq composite was 0.1% lower. They’re all near their all-time highs set at the start of the week.
Stocks got some help from a report showing that inflation in the United States accelerated to 2.7% last month from 2.6% in July, according to the measure of prices that the Federal Reserve likes to use. While that’s still above the Fed’s 2% target, and it’s more painful than any household would like, it was precisely what economists had forecast.
That of