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Aug 30 - The Nasdaq and the S&P 500 inched up in choppy trading on Friday ahead of the long weekend, after signs of moderating price pressures strengthened bets for an interest-rate cut at the Federal Reserve's upcoming meeting in September.
Friday's PCE report is the last one before the Fed's September meeting and follows Chair Jerome Powell's comments last week, when he expressed support for an imminent policy adjustment. Martin said investors remain focused on the labor market, with a slew of employment reports scheduled for the coming week.
At 11:42 a.m. ET, the Dow Jones Industrial Average , was down 86.41 points, or 0.21%, at 41,248.64, the S&P 500 , was up 6.36 points, or 0.11%, at 5,598.32, and the Nasdaq Composite , was up 49.01 points, or 0.28%, at 17,565.44. The benchmark S&P 500 and the Dow are set for monthly gains, while the Nasdaq is on track to end August lower, if losses hold.
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