The Dow Jones Industrial Average rose 30.85 points, or 0.09%, to open at 32,795.50.
The Standard & Poor’s 500 index rose 4.88 points, or 0.12%, to 4,156.16 points, while the Nasdaq Composite Index rose 38.32 points, or 0.30%, to 12,736.42 points.
And Bloomberg reported on Friday that White House and Republican Party negotiators are close to reaching an agreement to raise the debt ceiling and cap federal spending for two years.
America is racing to reach a deal on the debt ceiling before the start of June, which the US Treasury Department has warned could run out of federal funds early on, which could drive the largest economy in the world to default on its debts and threaten the global economy. crisis.
Friday’s data showed the personal consumption expenditure index – the most watched by the Fed – rose a faster-than-expected 0.4% in April on a monthly basis, after rising 0.1% in March.
On an annual basis, the personal consumption expenditure index rose 4.4% in April, compared to 4.2% in March, and compared to forecasts of a slowdown to 3.9%.
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