US stocks were higher on Friday, as investors reacted to inflation data that met expectations. The S&P 500 climbed 0.5%, the Nasdaq 100 gained 0.2% and the Dow Jones rose over 300 points, all on track to snap 3-session losing streak. August’s Personal Consumption Expenditures (PCE) index, the Fed’s preferred inflation gauge, showed core inflation at 2.9% year-over-year, supporting expectations for two quarter-point rate cuts in upcoming meetings. The market’s positive reaction followed solid jobs data and an upward revision to second-quarter GDP, which had previously tempered bullish sentiment. Boeing (+4.2%), and major banks helped lift the indexes, while corporate news, including GlobalFoundries’ 8.7% jump on planned US chip production rules, provided further support. At the same time, fresh tariffs on pharmaceuticals, heavy trucks, and furniture introduced by President Trump added uncertainty, alongside concerns over a potential government shutdown.