U.S. stocks trade higher as S&P 500 heads for its best month since November 2020

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U.S. stocks are trading higher Friday morning, with all three major benchmarks heading for weekly gains as investors weigh the latest inflation reading as well as earnings results from Apple Inc. and Amazon.com Inc. The Dow Jones Industrial Average DJIA, +0.97% was trading up 0.1% soon after the opening bell, while the S&P 500 SPX, +1.42% rose 0.4% and the Nasdaq Composite COMP, +1.88% gained 0.6%, according to FactSet data, at last check. Inflation data released Friday by the Bureau of Economic Analysis showed the personal-consumption-expenditures price index rose 1% in June, exceeding forecasts of 0.9%. The S&P 500 has jumped 7.6% this month through Thursday, putting it on track for its best month since November 2020.

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

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