US stocks rose on Friday as the latest data showed cooling inflation and investors digested the fallout from the Biden-Trump debate. The S&P 500 advanced towards its record high, the Nasdaq Composite rose slightly, and the Dow Jones Industrial Average saw a slight decline. The Fed's preferred inflation gauge revealed that prices rose at the slowest pace since March 2021, easing concerns of an overheating economy. Meanwhile, following President Biden's lackluster performance in the debate, shares of Trump Media & Technology Group jumped. On the other hand, Nike's stock plummeted after the company projected a larger-than-expected sales decline, raising concerns about management's execution. With uncertainty surrounding the upcoming US election and consumer resilience, investors are closely monitoring key companies for any signs of a slowdown in the market.