NEW YORK (AP) — U.S. stocks are rebounding Friday and clawing back much of their losses for the week after oil prices eased off their recent spurt. An update on inflation across the United States that came in close to economists’ expectations also helped calm the market.
The S&P 500 jumped 1.1% and was on track to break a four-day losing streak, its longest since June. The Dow Jones Industrial Average was up 631 points, or 1.2%, as of 9:35 a.m. Eastern time, and the Nasdaq composite was 1.1% higher.
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