The Dow on Friday was trying to close at its first record high of the year, as Wall Street has maintained steady optimism ...

While the Consumer Price Index (CPI) was up only 2.7% year over year in July, a more important measure rose much higher. The Producer Price Index (PPI ) was up 3.3% in July compared to a year ago.

US consumer sentiment unexpectedly fell for the first time since April and inflation expectations rose on lingering anxiety about the impact of tariffs.