US stocks closed higher on Friday (September 26th), as investors reacted positively to an inflation report that met expectations, while also considering President Trump's new wave of tariffs and weakening consumer sentiment.
The S&P 500 rose 0.6%, the Nasdaq 100 gained 0.4%, and the Dow Jones Industrial Average gained 300 points, all ending a three-session losing streak. The August PCE Index, the Fed's preferred inflation measure, showed core inflation at 2.9% year-on-year, supporting expectations for two quarter-point interest rate cuts in the upcoming meeting.
Boeing (+3.6%) and major banks helped lift the index, while corporate news, including an 8.4% surge in GlobalFoundries' earnings on planned US chip production regulations, provided further support. At the same time, new tariffs on pharmaceuticals, heavy trucks, and furniture imposed by President Trump added to uncertainty, alongside concerns over a potential government shutdown. For the week, the S&P 500 fell 0.3%, the Nasdaq fell 0.7%, while the Dow Jones was unchanged. (alg)
Source: Trading Economics
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