WALL ST MIXED BUT SET FOR WEEKLY GAINS AHEAD OF INFLATION DATA

The U.S. stock indexes showed a mixed performance on Friday, with the S&P 500 and Nasdaq Composite on track for weekly gains, while the Dow Jones Industrial Average continued its upward trajectory, extending its winning streak to eight consecutive sessions. This marks the Dow's longest daily winning run since December, and it is also set for a fourth consecutive week of gains.

Investors are closely watching key inflation readings scheduled for the following week, which could offer more insights into the timing of potential interest rate cuts by the Federal Reserve. Recent data indicating a slowdown in the U.S. labor market and better-than-expected earnings reports have contributed to the positive momentum in the markets. The benchmark S&P 500 and the tech-heavy Nasdaq Composite are both poised for their third consecutive week of gains, reflecting overall optimism in the market despite uncertainties surrounding inflation and monetary policy.

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