U.S. stock indexes rose on Friday after data showed consumer prices rose largely in line with estimates last month, taking some pressure off investors concerned about the Federal Reserve’s aggressive tightening of its monetary policy.
At 10:25 a.m. ET, the Dow Jones Industrial Average (.DJI) was up 0.27% at 35,850.25. The S&P 500 (.SPX) was up 0.60% at 4,695.51 and the Nasdaq Composite (.IXIC)was up 0.66% at 15,619.84.
BUZZ-Co’s market cap drops below $1 tln, Musk sells shares worth $12 bln in a month
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** Oracle Corporation (ORCL.N): up 13.7%
BUZZ-Hits record high after upbeat forecast, PT raises