Market Update: Major Indices Gain for the Week as Inflation Inches Up

U.S. stocks stepped up on Monday for the third straight session, on job data optimism. The previous Friday’s Employment Situation reported our labor market added 213,000 jobs in June. Stocks continued to rise the next day notching their seventh session of gains; however, the eight-day rally came to an end on Wednesday as indices slumped on concerns over escalating trade tensions.