The stock market closed higher on Friday, buoyed by inflation data that came in line with expectations. However, the S&P 500 and Nasdaq Composite ended the week with losses, snapping a three-week winning streak. The Dow Jones Industrial Average rose 299.97 points, or 0.65%, to close at 46,247.29. This morning's US economic data confirms a strong economy, with the Federal Reserve's preferred inflation gauge (PCE) settling near 3%.Specifically, the latest income and spending figures came in stronger than expe ...