(Image credit: Jakub Porzycki/NurPhoto via Getty Images) Stocks opened lower Thursday as market participants took in the latest inflation update, but quickly turned higher on reports of an extended ceasefire between the U.S. and Iran. A continued rally in tech stocks also kept the bulls in charge, with the three main indexes ending the day at new highs. Ahead of the open, the Bureau of Economic Analysis ( BEA ) said the Personal Consumption Expenditures Price Index (PCE) rose 0.4% from March to April and was 3.8% higher compared to the year prior. Core PCE, which excludes volatile food and energy prices, was up 0.2% month over month and 3.3% year over year. From just $107.88 $24.99 for Kiplinger Personal Finance Become a smarter, better informed investor.…