US Indices Hold Gains Ahead of Critical GDP and PCE Inflation Data

US stock indices, including the S&P 500, Nasdaq, and Dow Jones, are maintaining their weekly gains as investors enter a consolidation phase. Market participants are currently sidelined, awaiting the release of critical economic indicators to determine the next market trend. The upcoming Gross Domestic Product (GDP) and Personal Consumption Expenditures (PCE) price index figures are expected to provide clarity on the health of the US economy. As the PCE is the Federal Reserve's preferred inflation gauge, the data will likely influence future interest rate decisions. Additionally, traders are monitoring a potential Supreme Court ruling that could further impact broader market sentiment. Currently, indices are testing key support and resistance levels while the market pauses for breath before these high-impact events.