Market Snapshot: S&P 500 ends at record high as U.S. stocks indexes book weekly gains after hottest CPI in nearly 40 years

U.S. stock benchmarks end higher Friday to book gains for the week, with the S&P 500 index closing at a fresh peak, as investors digested data that showed consumer prices in November rose by the most in nearly four decades ahead of the Federal Reserve’s monetary-policy meeting next week.

U.S. stock benchmarks end higher Friday to book gains for the week, with the S&P 500 index closing at a fresh peak, as investors digested data that showed consumer prices in November rose by the most in nearly four decades ahead of the Federal Reserve’s monetary-policy meeting next week.