Stocks rose broadly on Friday, giving the Dow Jones industrial average its best week since January.

The market got a lift from two economic reports, one showing that inflation remained tame in August and the other showing that Americans spent more at stores last month.

The Dow rose 75.42 points, or 0.5 percent, to close at 15,376.06. It closed up 3 percent for the week, its best five-day performance since the week ended Jan. 4.

Intel led the Dow higher, gaining 81 cents, or 3.6 percent, to $23.44. Analysts at Jefferies Company said Intel might be able to increase its sales with power-efficient chips.

The Standard Poor’s 500-stock index rose 4.57 points, or 0.3 percent, to 1,687.99. The Nasdaq composite index rose 6.22 points, or 0.2 percent, to 3,722.18.

In one of several economic reports on Friday, the Commerce Department reported that Americans increased their spending in August by 0.2 percent, , but that was half what economists expected.

The sales report was mixed. Shoppers spent more on cars, electronics and furniture, but they did not buy much else. The government also said that wholesale prices rose 0.3 percent last month. In the last year, prices gained only 1.4 percent, a sign that inflation has remained modest. Higher energy prices helped increase wholesale prices.

Investors were looking ahead to the Federal Reserve’s policy meeting on Tuesday and Wednesday, when the central bank is expected to decide the future of its monthly $85 billion bond-buying program.

Many investors say it will decide to cut its buying to about $75 or $80 billion a month.

The price of gold fell $22 to $1,308. 40 an ounce. Oil slipped 21 cents to $107.52 a barrel.

In the Treasury market, the price of the 10-year note rose 4/32, to 96 21/32, while its yield declined to 2.89 percent from 2.91 percent late Thursday.

Article source: http://www.nytimes.com/2013/09/14/business/daily-stock-market-activity.html?partner=rss&emc=rss