Wall Street gains ground following data

Most US stock indexes rose on Friday after economic data showed an inflation reading in line with expectations.

According to data released today, the core Personal Consumption Expenditures (PCE) price index — which excludes food and energy — held steady at 2.9% year-on-year in August, slightly below expectations of a 3% increase.

Separately, US President Donald Trump announced a 100% tariff on branded and patented drugs starting October 1, unless manufacturers build production facilities in the United States.

In trading, the Dow Jones Industrial Average rose 0.3% (135 points) to 46,082 by 15:59 GMT, the broad-based S&P 500 added 0.1% (8 points) to 6,613, while the Nasdaq Composite slipped 0.2% (48 points) to 22,336.