U.S. stocks end week higher on good economic data despite inflation MarketWatch 1 hr ago MARKET SNAPSHOT Video: Wall Street shakes off inflation rise and closes higher (Reuters) Wall Street shakes off inflation rise and closes higher Replay Video UP NEXT U.S. stocks closed higher Friday, booking weekly gains with support from data confirming an economic recovery from the coronavirus pandemic, despite inflation running at its highest annual rate in about 13 years. U.S. financial markets will be closed on Monday in observance of the Memorial Day holiday. How are stock benchmarks trading? The Dow Jones Industrial Average closed 64.81 points higher to end at 34,529.45, a gain of 0.2%.