US stocks post weekly gains after better inflation data

 

 

NEW YORK – Wall Street stocks concluded a positive week on a winning note, rising Friday on improving investor sentiment following better US inflation data earlier in the week.

All three major indices finished firmly higher as markets rode the wave from consumer and producer price data that market optimists believe signal a meaningful cooling in inflation.

Cresset Asset Management’s Jack Ablin attributed the gains to a “sentiment shift” that he cautioned may be excessive given the limited evidence thus far.

“It’s just momentum and positivity that’s driving the market higher,” Ablin told AFP. “It seems like some of the bullish investors may be getting ahea…

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