Stocks close higher Friday on in-line inflation data, but S&P 500 and Nasdaq end week lower

Market Overview - The stock market closed higher on Friday, driven by inflation data that met expectations, but the S&P 500 and Nasdaq Composite ended the week with losses, breaking a three-week winning streak [1][2] - The Dow Jones Industrial Average rose by 299.97 points, or 0.65%, closing at 46,247.29 [1] Economic Data - Recent US economic data indicates a strong economy, with the Federal Reserve's preferred inflation gauge (PCE) settling near 3% [2] - The PCE price index showed core inflation at a 2.9% seasonally adjusted annual rate in August, aligning with economists' forecasts [3] Corporate News - Electronic Arts (EA) shares surged over 14% following reports of a potential deal to go private, possibly involving investors like Silver Lake and Saudi Arabia's Public Investment Fund, with the deal estimated at around $50 billion [4] - Paccar (PCAR) shares rallied about 5% after the announcement of a 25% tariff on imported heavy trucks starting October 1 [5] - Boeing (BA) stock gained more than 4% after Turkish Airlines ordered 75 Boeing 787 aircraft and negotiated to buy 150 737 MAX planes [5] Market Sentiment - David Russell from TradeStation noted that the recent inflation data helped to alleviate some market concerns, indicating a positive shift in buyer sentiment [4] - Ulrike Hoffmann-Burchardi from UBS Financial Services highlighted that the macroeconomic backdrop remains supportive of equity returns [5]