(Finance) – The New York Stock Exchange starts the last session of the week in positive territory. The Dow Jones shows a rise of 0.29%; along the same lines, theS&P-500 advances fractionally, reaching 5,620 points. In money the Nasdaq 100 (+0.78%); along the same lines, slightly positive theS&P 100 (+0.49%).
On the macroeconomic front, the key inflation data confirmed the bets on an interest rate cut by the Fed at its September meeting. The personal consumption expenditure (PCE) index, the central bank’s preferred measure of inflation, stood at +2.5% in July on an annual basis, stable compared to the previous month and below analysts’ forecasts (+2.6%). The PCE corewhich excludes volatile food and energy components, rose 2.6% in June, versus expectations of 2.7%.