US close: S&P 500 inches closer to record high after PCE data
(Sharecast News) - US stocks finished with mild gains on Friday but ended the week firmly higher as interest rate cut speculation continues to prop up equity markets, with the S&P 500 settling just inches below all-time highs.
Read MoreTrustpilot 'categorically' rejects Grizzly Research accusations
(Sharecast News) - Trustpilot hit back on Friday after a report by short seller Grizzly Bear a day earlier sent shares in the review site tumbling.
Read MoreUS PCE grows 0.3pc in September
(Sharecast News) - The US personal consumption expenditures index increased 2.8% year-on-year in September, according to the Bureau of Economic Analysis, up from 2.7% in August for the highest reading since April 2024
Read MoreEurope close: Stocks mixed ahead of next week's Fed meeting
(Sharecast News) - European shares ended mixed on Friday as investors positioned for next week's Federal Reserve meeting, where expectations have solidified around a 25 basis point interest rate cut.
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