U.S. stocks traded higher this morning, with the Dow Jones index gaining more than 250 points on Friday.
The Dow traded up 0.58% to 46,213.26 while the NASDAQ rose 0.31% to 22,455.17. The S&P 500 also rose, gaining, 0.47% to 6,636.07.
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Leading and Lagging Sectors
Energy shares jumped by 1% on Friday.
In trading on Friday, consumer staples stocks fell by 0.3%.
Top Headline
The Federal Reserve’s preferred inflation gauge showed no signs of cooling in August, remaining stubbornly high and reigniting questions over whether the market’s aggressive rate-cut bets are truly justified.
The Personal Consumption Expenditures price index — the Fed’s go-to inflation metric — rose 2.7% on a year-over-year basis in August, according to data released Friday by the U.S. Bureau of Economic Analysis.
That was slightly above July’s 2.6% and marked the highest reading since February 2025. Monthly PCE inflation accelerated to 0.3%, from 0.2% in July.
Equities Trading UP
- MEDIROM Healthcare Technologies Inc. (NASDAQ: MRM) shares shot up 155% to $3.74 after the company announced plans to complete the deployment of …