All three major U.S. indexes built on Thursday’s gains, which saw S&P 500 notch its biggest one-day percentage bump in over a month. “Today ‘everything is going up day’ because everyone is buying,” said Chuck Carlson, senior vice president at Wealthspire Advisors, in New York. Those big swings were stoked by economic data, which fanned concerns that near-term price spikes could translate into long-term inflation, despite assurances to the contrary from the U.S. Federal Reserve.
