US stocks jump as investors cheer better-than-expected inflation data

• US stocks jumped Friday as investors took in better-than-expected inflation.
• Core PCE, the Fed's preferred inflation measure, rose 0.1% in August, below estimates of 0.2%.
• Eurozone prices growth also slowed, with European inflation rising at its slowest pace in two years.

US stocks edged higher on Friday as markets digested cooler-than-expected inflation data. All three benchmark indexes rose higher at the open, with the Dow Jones Industrial Average gaining nearly points.

The core personal consumption expenditures price index, which is the Fed's preferred inflation measure, jumped 0.1% over the month of August and 3.9% year-per-year, the Bureau of Economic Analysis reported. That's slightly better than an expected monthly increase of 0.2%.