04:49 PM EDT, 08/15/2025 (MT Newswires) -- US equity indexes rose this week as the probability of an interest rate cut in September remained high following the release of mixed inflation data and the start of the US-Russia summit in Alaska.

* The S&P 500 rose to 6,449.80 on Friday from 6,389.45 a week earlier, the Nasdaq Composite climbed to 21,622.98 from 21,450.02, and the Dow Jones Industrial Average advanced to 44,946.12 from 44,175.61.

* This week, the consumer price index rose 0.2% in July, as expected in a Bloomberg survey, but below the 0.3% gain in June. The producer price index rose 0.9% in July, from a flat reading in June, but was higher than the 0.2% forecast.

* On Friday, the University of Michigan's preliminary consumer sentiment index fell to 58.6 in August from 61.7 in July, surprising analysts expecting an increase to 62.0. One-year inflation forecasts at 4.9% were up from 4.5% in July, while the five-year inflation outlook rose to 3.9% from 3.4%. US retail sales rose 0.5% month-over-month in July following an upwardly revised 0.9% growth in June but below guidance for a 0.6% increase.

* By Friday afternoon, the odds of a 25-basis-point cut in September stood at 89%, down from 92% a day ago, according to the CME FedWatch Tool.

* The meeting between Donald Trump and Vladimir Putin got underway late Friday with US Secretary of State Marco Rubio and special envoy Steve Witkoff reportedly expected to join Trump.