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Stocks traded mostly in the green on Friday afternoon, pointing to another record-setting session as investors applauded a revision of December inflation data that showed it was even lower than first reported.
The S&P 500 (^GSPC) rose 0.3% after Thursday’s hard-won record close put the benchmark within three points of ending above 5,000 for the first time. The Dow Jones Industrial Average (^DJI) slipped roughly 0.4% or 140 points, while tech-heavy Nasdaq Composite (^IXIC) led the way higher, gaining 0.9%.
A stream of well-received quarterly earnings has buoyed stocks in a week thin on economic updates, which have been driving shifts in direction thanks to their importance to the Federal Reserve’s thinking on policy.
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