Asia markets set to trade lower; China says it will end quarantine for inbound travelers

Stocks ended in the green on Friday.

The Dow Jones Industrial Average closed 176 points higher, or 0.5%, to 33,203.93. The S&P 500 rose 0.6% to 3,844.82, while the and Nasdaq Composite added 0.2% to close at 10,497.86.

— Tanaya Macheel

The core personal consumption expenditures price index, the Federal Reserve’s preferred gauge of inflation, rose slightly more than economists expected on a year-over-year basis.

Core PCE climbed 4.7% in November from the year-earlier period, while economists polled by Dow Jones expected a gain of 4.6%. Month over month, the index advanced 0.2%, matching expectations.

— Fred Imbert