Wall Street climbs after August inflation data
Major US stock indexes rose on Friday, putting them on track to end the week positively despite data showing consumer prices accelerated in August. Brent crude futures slipped over 3 percent while tech shares led market gains.
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Major United States stock indexes rose 1.1% during Friday morning trading, putting the market on track to end a volatile week positively despite higher August consumer inflation. The Consumer Price Index accelerated 0.4% last month, matching consensus estimates but highlighting persistent price pressures across the economy. Investors are weighing the inflation data against shifting monetary policy expectations and fluctuating Treasury yields.
