U.S. stocks edge toward records with inflation data, policy progress in focus

News Snapshot:

The U.S. stock rebound has driven key indexes to the cusp of record levels, with fresh economic data and trade and fiscal policy developments set to test whether equities will get an extra push higher in the near term. A monthly U.S. inflation report headlines the events for markets in the coming week. Equities have bounced back from a steep fall in April, sparked by concerns about the economic fallout from President Donald Trump’s tariff plans. Stocks hit a speed bump on Thursday as a public rift between Mr. Trump and Tesla chief Elon Musk sent shares of the electric...