S&P 500 ends week at record as investors brush off inflation rise

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    Stocks ended a choppy session in positive territory Friday, with the S&P 500 logging its second consecutive record close a day after a hotter-than-expected rise in the May consumer-price index. The Dow Jones Industrial Average DJIA, +0.04% rose around 15 points, or less than 0.1%, to close near 34,480, according to preliminary figures. The S&P 500 SPX, +0.19% rose around 8 points, or 0.2%, end near 4,248, while the Nasdaq Composite COMP, +0.35% gained around 49 points, or 0.4%, to finish near 14,069. The Dow lost ground for the week, however, falling by around 0.8%, while the S&P 500’s record push left it up just 0.4%. The Nasdaq Composite COMP, +0.35% booked a weekly gain of 1.9%, outpacing its peers as Treasury yields fell.

    This article was originally published by Marketwatch.com. Read the original article here.

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