NEW YORK (AP) — U.S. stocks are climbing Friday and trimming their losses for the week after a report showed that inflation is behaving roughly as economists expected, even if it’s still high.

The S&P 500 rose 0.6% and was on track to break a three-day losing streak.The Dow Jones Industrial Average was up 357 points, or 0.9%, with an hour remaining in trading, and the Nasdaq composite was 0.4% higher. All three indexes are nearing 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 above the Fed’s 2% target, and it’s more painful than any household would like, it was precisely

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