Weekly market recap
For the week, $S&P 500 Index (.SPX.US)$ was up 0.71%; the $Dow Jones Industrial Average (.DJI.US)$ is headed for a weekly rise of 0.87%, while $Nasdaq Composite Index (.IXIC.US)$ declined 0.09%.
Investors digested mixed economic data last week and robust company earnings backed stock prices.
Perhaps the most notable reading was Wednesday's softer-than-expected inflation report, which showed consumer prices minus energy and food rose less than expected in July. Meanwhile, the Labor Department said Thursday that weekly jobless claims came in at 375,000 last week, matching estimates and declining for a third straight week.
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