Market Snapshot: U.S. stocks close higher, ending week on good economic data despite inflation

U.S. stocks closed higher Friday, booking weekly gains with support from data confirming an economic recovery from the coronavirus pandemic, despite inflation running at its highest annual rate in about 13 years.

U.S. stocks closed higher Friday, booking weekly gains with support from data confirming an economic recovery from the coronavirus pandemic, despite inflation running at its highest annual rate in about 13 years.