U.S. equities and stock exchange traded funds slightly rebounded Friday but were on track for their largest weekly loss in months on a intensifying row between the U.S. and North Korea.
The S&P 500 Index, along with related funds including the SPDR S&P 500 ETF (NYSEARCA: SPY), iShares Core S&P 500 ETF (NYSEARCA: IVV) and Vanguard 500 Index (NYSEARCA: VOO), were 0.2% higher Friday.
Tepid inflation data helped bring back investors to risk assets, Reuters reports.
The weaker-than-expected consumer price data in July, which reflected depressed inflation, could allow the Federal Reserve to push off another rate hike this year. Options traders were betting on a 40% chance of a rate hike in December, compared to a 42% chance shortly before the release of the inflation data.