The Bureau of Labor Statistics released its Consumer Price Index Summary for September today (you can access the release here). The data shows a 1.1 percent unadjusted increase over the past 12 months and an increase of .1 percent during the month of September.
The Census Bureau also released September retail sales and business inventories, both of which rose .6 percent in September. Retail and food services sales increased 7.3 percent year-over-year. You can get a summary of the entire report here.
In the meantime, bank stocks were down on concerns about foreclosure activities—even banks like First Horizon National Corp (NYSE: FHN) who released relatively strong third quarter financial results (you can access a summary here), which fell from a closing price of $11.29 on October 13th to as low as $10.03 during trading today.
The Dow Jones Industrial Average was down 31.79 points to 11,062.78, still managing to close the week higher than last Friday when it closed at 11,006.48. The Nasdaq climbed 33.39 points to 2,468.77. The S&P 500 rose 2.38 points to 1,176.19.
European and Asian markets were mixed on Friday.
Stocks in the news: Bank of America Corp (NYSE: BAC), General Electric Company (NYSE: GE).
