From last Friday's close, the S&P and the Dow have set a course for their third weekly gains in four, while the tech-laden Nasdaq appears set to notch its fourth straight weekly advance. The Commerce Department's hotly anticipated personal consumption expenditures (PCE) report arrived largely inline with consensus, showing softening demand and cooling inflation - which is exactly what the Federal Reserve's restrictive interest rate hikes are intended to accomplish.
Wall Street advances, on course for weekly gains as Fed meeting looms streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
Chevron Corp posted record 2022 profit, but its fourth quarter earnings fell short of expectations, dragging the stock down 4.1%. Rival payment companies American Express Co and Visa Inc reported consensus-beating results, easing worries of waning consumer demand.