Stocks Notch Gains as Traders Cheer Inflation Data: Markets Wrap
- The S&P 500 and the Nasdaq 100 still posted a weekly loss
- Treasury yields ended the holiday-shortened session higher
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US stocks ended Friday’s session with gains as investors digested data showing inflation is continuing to ease and the Federal Reserve’s rate hikes are serving their purpose.
Both the S&P 500 and the tech-heavy Nasdaq 100 still suffered their third week of losses, the longest losing streak for both indexes since late September, as investors this month grappled with a hawkish Fed and data pointing to a resilient economy that can handle more rate-hike pain.