US stocks rose on Friday as markets assessed new inflation data in the form of March PCE.
The Fed's preferred gauge showed inflation rose 2.8% year-over-year, slightly higher than estimates.
AdvertisementUS stocks climbed on Friday, with investors digesting new inflation data and cheering earnings from mega-cap tech titans Microsoft and Alphabet.
Personal consumption expenditures data showed prices rose more than expected last month.
The Federal Reserve's preferred measure of inflation showed an uptick of 2.8% versus estimates of 2.7%.
Persons:
—, Clark Bellin
Organizations:
PCE, Microsoft, Google, Service, Federal, Bellwether