Stocks were choppy Friday as investors sifted through several economic reports and looked ahead to a key inflation update due next Friday. But while the main indexes closed mixed today, all three managed weekly wins.
Today’s economic calendar doesn’t hold a candle to next week’s busy lineup, but there were a few noteworthy reports. Among them was an update from the National Association of Realtors that showed sales of previously owned homes fell 0.7% month-to-month in May as the median existing-sales home price reached a record high of $419,300. Year-over-year, existing home sales were down 2.8%.
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