NEW YORK — Stocks rose broadly Friday, giving the Dow Jones industrial average its best week since January.
The market got a lift from two economic reports, one showing that inflation remained tame in August and the other showing that Americans spent more at stores last month.
The Dow rose 75.42 points, or 0.5 percent, to 15,376.06. The index closed up 3 percent for the week, its best five-day performance since the week ending Jan. 4.
The Standard & Poor’s 500 index rose 4.57 points, or 0.3 percent, to 1,687.99. The Nasdaq composite index rose 6.22 points, or 0.2 percent, to 3,722.18.
Traders had a few economic reports to work through. Americans increased their spending modestly in August, roughly 0.2 percent, the Commerce Department reported, however that was half of what economists expected.
The sales report was mixed. Shoppers spent more on cars, electronics and furniture, but they didn’t buy much else. Last month, several retail chains including Nordstrom, Macy’s and Walmart cut their profit forecasts for the year.
The government also reported that wholesale prices rose 0.3 percent last month. Over the past year, prices have only gained 1.4 percent, a sign that inflation has remains modest. One thing driving wholesale prices higher was energy, which spiked as tensions with Syria and the U.S. escalated.
Trading was light as Wall Street headed into the weekend and the Jewish holiday of Yom Kippur.
The price of gold fell $22 to $1,308.60 an ounce. Oil slipped 39 cents to $108.21 a barrel. The yield on the 10-year Treasury note fell to 2.89 percent from 2.91 percent late Thursday.
September has been very strong for stocks so far. The Dow is up 3.8 percent and the S&P 500 has gained 3.4 percent.
