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Rich Asplund

EXPLAINED: Stocks finish higher as core pce prices match expectations - The Real Truth

United States Donald Trump Nasdaq SP Dow Jones University of Michigan US Federal Reserve Wall Street Journal Inflation ECB

The S&P 500 Index ($SPX) (SPY) on Friday closed up +0.59%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.65%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.44%.  December E-mini S&P futures (ESZ25) rose +0.60%, and December E-mini Nasdaq futures (NQZ25) rose +0.44%.

Stock indexes settled higher on Friday.  The broader market garnered support from Friday's reports on consumer spending and core PCE inflation.  Friday's report on Aug personal spending rose more than expected at the strongest pace in five months.  Also, Friday's report on the Aug core PCE price index, the Fed's preferred gauge of inflation, came in right on expectations, which could allow the Fed to continue lowering interest rates.  However, gains in stocks were limited after US consumer sentiment unexpectedly fell to a 4-month low.

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