The US stock market on Friday hit an all-time high, its first since mid-February. It marked the culmination of a remarkable recovery on Wall Street since flirting with bear market territory in early April.

Investors are looking to the inflation print to test bets that a Federal Reserve rate cut could land sooner rather than later.

The S & P 500 hit an all-time record high on Friday, extending breakneck gains achieved in recent weeks as investors shrugged off concerns about newly imposed tariffs and war in the Middle East. The S & P 500 climbed 0.3%, clocking in for the first time ever at 6,156.