Story perspectives
Stocks rebound as inflation matches expectations, oil falls
By Drooid · · How we work
1 of 2
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.
1 / 2
