Stocks closed mostly lower on Friday, capping off a strong week of trading, as investors digested inflation data that aligned with expectations. The Nasdaq, however, is on track for its eighth consecutive daily gain, highlighting a divergence in performance among major indices. While the broader market faced headwinds, tech stocks continued to gain traction, buoyed by positive sentiment and strong earnings reports.

The inflation figures released today confirmed earlier forecasts, suggesting that the Federal Reserve’s monetary policy is on the right track. This stability in inflation may provide a supportive backdrop for growth sectors, particularly technology, which has been a key driver of market performance this week.

Market professionals should note the resilience of the Nasdaq and the potential for continued upward momentum in tech stocks, especially as earnings season progresses and investors assess the implications of inflation data on future Fed actions.

Source: news.google.com