Stocks finished higher on this holiday-shortened trading week, with all the major U.S. averages posting gains.
Under the hood, all sectors closed higher for the week, led by utilities, materials and financials.
As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
The U.S. Federal Reserve, alongside global central banks, has been trying to get a handle on soaring inflation.