Nasdaq Rallies on Inflation Report as Chip Stocks Outshine
The Nasdaq Composite Index (COMP:IND) saw gains on Friday after the latest consumer inflation report came in largely in line with expectations.
The index closed +0.96% higher, having jumped by over 1% earlier in the day.
Among the leading gainers was Advanced Micro Devices, Inc. (AMD), which outperformed its peers.
In contrast, Amgen's stock took a hit after a trial setback.