Stocks closed higher Friday, with the S & P 500 up 0.3% for the week and the Nasdaq rising nearly 1%. The Dow saw a gain of around 0.5%. The Federal Reserve’s favored inflation gauge showed a cooler-than-expected increase, adding to the case for an interest rate cut next week. Meta Platforms shares rose 4% after reports of metaverse spending cuts. Salesforce shares jumped 13% after a strong earnings beat, while CrowdStrike reported better-than-expected results. Jim Cramer’s Charitable Trust made trade alerts this week, including buying more Boeing and Procter & Gamble shares and booking profits on Goldman Sachs. Subscribe to the CNBC Investing Club for trade alerts before Jim makes a trade.

Read more at CNBC: Stocks rise, Meta gets real on metaverse, and Salesforce bounces