The higher than expected inflation number for January came during during Fed chairman Jerome Powell's semiannual testimony before Congress.

Wall Street fell short of a record following mixed profit reports from big companies. The S&P 500 ended essentially flat Friday, a day after rallying within 0.1% of its all-time high set last month.

A gauge of the U.S. equities that equally weights stocks in the S&P 500 index was clinging to a slight gain on Friday afternoon. The Invesco S&P 500 Equal Weight ETF was up 0.1% in afternoon trading, ...

Some investors had an inflation scare on Wednesday, but the U.S. stock market as a whole seems to have shrugged it off so far ...