The SPDR S&P 500 ETF Trust traded higher by 0.8 percent on Friday morning after the Labor Department reported a 6.8 percent increase in the consumer price index (CPI) in the month of November, the fastest inflation growth since 1982.
The headline CPI rose 6.8 percent in November, exceeding economist estimates of 6.7 percent and marking the highest growth rate since June 1982. The CPI was up 0.8 percent on a monthly basis.
