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U.S. stocks higher on day and week after tame CPI:

By Leslie Wines
Last Update: 4:06 PM ET Dec 15, 2006

http://tinyurl.com/ygwttp

NEW YORK (MarketWatch) -- U.S. stocks closed higher on the day and the week Friday, as the Dow Jones Industrial Average set another record high close, after hopes of a Goldilocks economy and a rate cut in 2007 were revived by an unchanged reading on consumer inflation.

The Dow Jones Industrial Average ($INDU) gained 28.76 to a record high close of 12,445.52, after earlier touching a new intraday high of 12,454

The S&P 500 ($SPX) rose 1.61 point to 1,427.10 and the Nasdaq Composite ($COMPX) increased 3.35 points to 2,457.20.

For the week, the Dow gained 1.1%, the S&P 500 rose 1.2% and the Nasdaq Composite took a 0.8% gain.