Wall Street ends streak of weekly gains, yields rise as investors digest data

Group 1 - Wall Street indexes experienced gains on Friday but still recorded a loss for the week, with consumer spending supporting longer-dated Treasury yields and gold prices rising due to steady inflation readings [1][3] - Consumer spending increased slightly more than expected in August, while the inflation rate rose to 2.7% from 2.6% in July, aligning with economists' expectations [1] - Analysts noted that some companies managed to mitigate price pressures by stockpiling in anticipation of tariffs, but upcoming corporate earnings releases will be a significant test for many firms [2] Group 2 - The Dow Jones Industrial Average rose by 0.65%, the S&P 500 increased by 0.59%, and the Nasdaq Composite was up by 0.44% [3] - Individual stocks reacted to new White House tariffs, with Paccar gaining 5% and Eli Lilly rising 1.5% [3] - Richmond Fed Bank President expressed low confidence in inflation forecasts due to ongoing tariff impacts on the economy [3] Group 3 - The personal consumption expenditures index is a key component of the Federal Reserve's inflation outlook, with U.S. Treasury yields showing minimal movement after data release [5] - The yield on benchmark U.S. 10-year notes rose by 0.7 basis points to 4.181%, while the 30-year bond yield increased by 0.5 basis points to 4.7576% [5] - Gold prices, typically benefiting from lower interest rates, held onto recent gains, with spot prices quoted at $3,766.25 an ounce, up by 0.46% [6] Group 4 - Investors currently estimate an 89.8% probability of a rate cut in October and a 67% chance of another cut in December, according to the CME FedWatch Tool [7]