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Stocks rebound as inflation matches expectations, oil falls

By Drooid · · How we work

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Story summary
  • U.S. stocks rebounded on Friday as oil prices fell and inflation data matched expectations.
  • The Dow Jones Industrial Average closed at 52,573.29, up 509.19 points (1%).
  • The Nasdaq Composite finished 1% higher at 26,340.59.
  • The S&P 500 gained 0.9% to 7,665.32, ending a four-day losing streak.
  • Traders priced an 86%–90% chance of a Fed rate hike at the September 15-16 meeting.
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