US stocks trade mixed as investors take in Fed’s preferred inflation gauge, latest earnings
By The Fed’s favorite inflation measure came in as expected the past month, with prices up 3.7% year over year.AP/Mark LennihanUS stocks opened mixed on Friday as investors took in new data from the Fed’s favorite inflation gauge.PCE inflation rose 0.3% last month, in-line with economists’ expectations.Meanwhile, consumer spending came in stronger than expected, rising…