The US stock market closed Friday in the plus, with the Standard & Poor’s 500 hitting an all-time high. It rose 3.8% over the past week, while the Nasdaq Composite gained 3.6%, the most significant rise since February. The Dow Jones Industrial Average added 4%, its biggest gain since March, MarketWatch reported.

Fresh inflation data was released Friday that pointed to the nation’s fastest rise in consumer prices since June 1982. However, investors are hopeful that the pace of price increases has reached or is close to peak levels. U.S. consumer prices (CPI) soared 6.8% in November relative to the same month last year. Inflation accelerated from 6.2% a month earlier and matched the forecasts of analysts surveyed by Trading Economics. The figure thus remained above the Federal Reserve’s (Fed) 2% target for the ninth consecutive month.

“There is some relief in the market,” said Edward Park, chief investment officer at Brooks Macdonald. – “The reading was in line with market forecasts and, in addition, it is already expected to be the peak for annual inflation. “The initial reaction was for the US dollar to fall and stocks to rise, with high tech stocks leading the way,” said City Index senior financial markets analyst Fiona Cincotta.

Representatives of the consumer and technology sectors on Friday showed the strongest growth in stock prices among the sectoral sub-indexes of the S & P 500. The index of consumer confidence in the U.S. in December rose to 70.4 points from November’s value of 67.4 points, which was the lowest in 10 years, according to preliminary data from the University of Michigan, which calculates this indicator. Analysts on average had expected a decline to 67.1 points, Trading Economics said. At the same time, inflation expectations for the medium term (the next year) remained at 4.9% this month, and for the long term (5 years) – at 3%.

The Dow Jones Industrial Average rose 216.3 points (0.6%) to 35970.99 points on Friday. The Standard & Poor’s 500 rose 44.57 (0.95%) to 4,712.02 points for the day. The Nasdaq Composite rose 113.23 points (0.73%) to 15630.6 points at the end of trading. The operator of the largest U.S. chain of club stores and warehouses Costco Wholesale in the first fiscal quarter, which ended November 21, increased net income by 13% and revenue by 19%, which was better than experts’ expectations. Stock quotes of the company rose by 6.6% at the end of trading on Friday.

One of the world’s largest semiconductor manufacturers Broadcom in the fourth fiscal quarter (August-October) received financial results above the consensus forecast. The company also announced a massive share buyback program and a quarterly dividend hike. Its stock price soared 8.3%.Oracle Corp. one of the world’s leading software developers, posted a net loss in the second fiscal quarter, but adjusted earnings and revenue grew above analysts’ expectations.

 The company’s shares jumped 15.6 percent.Top gainers among Dow Jones components included Cisco Systems Inc. securities, which rose 3 percent, Microsoft Corp. – by 2.8% and Apple Inc. – also up 2.8%. Meanwhile, Chewy Inc.’s share price fell more than 8% despite a strong report.

The online pet supplies retailer reported a 24% rise in revenue in the third fiscal quarter. The company reported a net loss of $32.2 million in the quarter ended Oct. 31, compared with a loss of $32.8 million in the comparable period a year earlier. Peloton Interactive shares fell 5.4% after analysts at Credit Suisse downgraded the stock to “neutral” from “market perform”.