US stocks climbed to an all-time high on Friday, as traders cheered slower-than-anticipated September consumer price data that boosts optimism for an expected Federal Reserve interest-rate cut next week.
The S&P 500 Index rose 0.8% at 9:55 a.m. in New York, with nine of 11 sectors in the green, led by technology. The Nasdaq 100 Index advanced 1%. The Bloomberg Magnificent Seven Price Return Index added 0.5%.
Visited 3 times, 1 visit(s) today
