Business & Economy · 10 views
Dow futures jump more than 200 points as oil prices slide; consumer inflation data ahead: Live updates
The three major averages are heading for a losing week as higher oil prices and a surge in Treasury yields weigh on stocks.
AI Summary
Stocks rebounded on Friday after four consecutive days of declines as oil prices fell, lifting major indexes. The Dow Jones Industrial Average rose 509.19 points, a 0.98% gain, closing at 52,573.29. The S&P 500 increased 0.86% to 7,656.98, and the Nasdaq Composite jumped 0.96% to finish at 26,333.04. Traders also looked past growing expectations of a Federal Reserve rate hike following the latest U.S. inflation reading.
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