Dow Jumps 500 Points, Snapping Four-Day Losing Streak
Stocks rebounded Friday as oil prices retreated and investors moved past the latest inflation data, according to CNBC.
U.S. stocks rose on Friday, with the Dow Jones Industrial Average climbing about 500 points, as investors sought to recover from four consecutive days of declines, CNBC reported.
The rebound came as oil prices retreated, easing some of the pressure that had weighed on markets earlier in the week, according to the report.
Traders appeared to look past a newly released inflation report, CNBC said, as broader market sentiment improved heading into the session.
The report did not provide additional detail on the specific inflation figures or their potential implications for monetary policy.
CNBC's live updates coverage did not specify performance details for other major indexes such as the S&P 500 or Nasdaq Composite in the excerpt provided.
Sources
- Dow rises 500 points to snap 4-day slide as oil cools, traders look past inflation report: Live updates — CNBC — Top News
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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