Stocks hit records to wrap winning October

U.S. stocks battled to record highs Friday as investors looked past the impact the supply chain crunch is having on Apple and Amazon. 

The Dow Jones Industrial Average rose 89 points, or 0.25%, while the S&P 500 index and the Nasdaq Composite index inched higher by 0.19% and 0.33%, respectively. All three of the major averages closed at all-time highs.

The gains came after the Bureau of Economic Analysis said core personal consumption expenditures prices rose at their fastest annual pace in 30 years.

In stocks, Apple Inc. reported sales that fell short...