Wall Street advanced on Friday and the S&P 500 notched an all-time closing high, as market participants digested an inflation reading that was in line with consensus, but also marked the largest annual increase in consumer prices in nearly four decades.All three major United States stock indexes advanced, with tech shares doing the heavy lifting.The Dow Jones Industrial Average rose 0.6 percent to 35,970.99, the S&P 500 gained 0.95 percent to 4,712.02 and the tech-heavy Nasdaq Composite Index added 0.73 percent to 15,630.60.
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