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Nasdaq Moves Higher; US Inflation Rate Accelerates In March

News Snapshot:

U.S. stocks traded mixed toward the end of trading, with the Nasdaq Composite gaining around 50 points on Friday.The Dow traded down 0.57% to 47,912.40 while the NASDAQ rose 0.22% to 22,872.73. The S&P 500 also fell, dropping, 0.16% to 6,813.62.Leading and Lagging SectorsInformation technology shares climbed by 1.2% on Friday.In trading on Friday, consumer staples stocks fell by 1.2%.Top HeadlineThe annual inflation rate in the U.S. surged to 3.3% in March, recording the highest reading since May 2024 and following 2.4% in both February and January.Equities Trading UP           Equities Trading DOWNCommoditiesIn commodity news, oil traded up 0.1% to $97.98 while…

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