S&P 500 Nears Record After Light Inflation Reading, Logs Fourth Straight Gain
Lead: U.S. equities climbed on Friday as the S&P 500 notched a fourth consecutive winning session, drawing nearer to its recent high after September’s core personal consumption expenditures (PCE) index came in slightly below economists’ forecasts. The lighter-than-expected inflation reading reduced near-term pressure on the Federal Reserve and increased market odds of a rate cut … Read more