Stock Market Today: Stocks Pop on Upbeat Inflation Data; Apple Hits $3T Market Cap

Markets finished broadly higher after upbeat inflation data lowered expectations for two additional rate hikes this year.

apple building
(Image credit: Getty Images)

Stocks shot higher out of the gate Friday and stayed there through the close thanks to an encouraging reading on inflation. 

That data followed other recent reports showing a resilient U.S. economy – and tempered expectations for two more interest rate hikes this year.  

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Karee Venema
Senior Investing Editor,

With over a decade of experience writing about the stock market, Karee Venema is the senior investing editor at She joined the publication in April 2021 after 10 years of working as an investing writer and columnist at Schaeffer's Investment Research. In her previous role, Karee focused primarily on options trading, as well as technical, fundamental and sentiment analysis.