Stock market today: Stocks close higher in light trading

Stocks managed to rally on light volume ahead of the long holiday weekend.

Reliable information about inflation (opens in new tab) calmed traders’ nerves, which had been rattled by the Federal Reserve’s relentless hiking policy in December interest rates (opens in new tab). However, there are not many market participants at this time of year, making it difficult to develop conclusions about what measures of equity value are doing.

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