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- US stocks rose higher on Friday as the Fed's favorite inflation gauge cooled to a two-year low.
- PCE inflation rose just 0.2% month-over-month in June, in line with economists' expectations.
- The Dow and S&P 500 are on track to close off their third straight winning week.
US stocks rose on Friday as traders digested cooler inflation data.
All three major indexes turned higher, with the Dow Jones Industrial Average and S&P 500 set to close out their third straight week of gains. The Dow narrowly missed out on a historic winning streak in the previous session, closing lower to snap what would have been 14 straight days in the green. It would have tied a record set 126 years ago.