Indexes were in the green Friday after the latest Magnificent Seven earnings impressed investors.
The $S&P 500 Index climbed 1.02% with preliminary closing figures. The $Dow Jones Industrial Average climbed 0.4%, and the $Nasdaq Composite Index climbed 2.03%.
MACRO
In macro, PCE inflation numbers for the month of March came out higher than expected, up 2.8% compared to 2.6%. The numbers follow GDP numbers for the first quarter that came out low Thursday, at 1.6% growth compared to expectations of 2.5%.
$U.S. 2-Year Treasury Notes Yield (US2Y.BD)$ climbed to 5.02% before settling at 4.98, the $U.S. 10-Year Treasury Notes Yield (US10Y.BD)$ climbed to 4.64. Investors can expect an FOMC rate decision next week.
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