Stocks Edge Higher Amid Expected Inflation Report
TL;DR
The Dow and S&P 500 ended higher on Friday, with the Dow achieving its largest daily percentage gain since November 2023 due to month-end repositioning. All three major indexes posted strong gains for May, although they were down for the week. The energy sector led gains, while technology slightly declined. The U.S. PCE price index rose 0.3% in April, indicating consumer strain. Dell shares fell sharply, while Zscaler and Gap saw significant gains.
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