Inflation Relief Leads to Significant Stock Market Gains: Dow, S&P 500, and Nasdaq Experience Rebound
Inflation Relief and a Market Boost
U.S. stocks experienced a major upswing on Friday, reflecting investor relief over inflation reports. The Dow Jones Industrial Average jumped 498.02 points, or 1.2%, finishing at 42,840.26. Despite faltering in afternoon trading, this remains the Dow's most significant gain since the day after the U.S. presidential election in early November.
Market Overview
All three major indexes showed solid increases:
- S&P 500: Climbed 63.77 points (1.1%) to 5,930.85.
- Nasdaq Composite: Gained 199.83 points (1%) to finish at 19,572.60.
However, it’s important to note that all indexes recorded weekly losses after a previous decline due to the Federal Reserve's anticipated slow pace of interest rate cuts next year.
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