US benchmark stock indexes rose in midday trading Friday as investors assessed the latest inflation data.

The S&P 500 added 0.4% to 6,632.5, the Dow Jones Industrial Average gained 0.6% to 46,240.5, while the Nasdaq Composite was up 0.1% to 22,407.4.

Energy led the gainers, while technology was the steepest decliner intraday.

In economic news, US personal income gained 0.4% in August while personal consumption expenditures rose 0.6%, both above forecasts, according to Bureau of Economic Analysis data. The PCE price index increased 0.3% month over month and rose 2.7% from a year earlier, with the core measure up 0.2% month over month and steady at 2.9% annually.

In company news, Alphabet's (GOOG, GOOGL) Google is likely to be hit with a second fine in the coming months under the European Union's Digital Markets Act, Reuters reported Thursday, citing three people with direct knowledge of the matter. The fine is related to charges that Google favored its search engines such as Google Shopping, Google Flights and Google Hotels over rivals, the report said.

In a blog post Thursday, Google said that the Digital Markets Act is causing "significant and unintended harm" to European users by requiring Google Search to show links to intermediary websites instead of direct ones to airline and hotel sites, raising prices for consumers.

Alphabet shares were up 0.4% in recent Friday trading.

Amgen (AMGN) said it is planning to invest $650 million to expand its US manufacturing network. The company said the investment is expected to generate almost 750 jobs and support increased drug production at its biologics manufacturing facility in Juncos, Puerto Rico. Amgen shares were fractionally lower.

The US 10-year Treasury yield rose 2.1 basis points to 4.20%. The two-year rate was little changed at 3.66%.

The ICE US Dollar Index was down 0.3% to 98.25.

West Texas Intermediate crude oil rose 1.7% to $66.07 per barrel.

Gold was up 1% to $3,808.00 an ounce, and silver rose 2.8% to $46.38 per ounce.