S&P 500 Is on Pace for a New Record as Market Rally Gains Steam

The major indexes were already up on the day, but their gains accelerated after both the headline and core personal consumption expenditures price indexes for September matched expectations for a 2.8% annual increase. The headline PCE rose 0.3% from August, which was above expectations at 0.2%, while the core PCE matched expectations with a 0.2% monthly uptick. ...