The stock market on Friday put a dent in its steep slide from earlier this week, after the last major inflation test of the year came in cooler than expected.
The Dow Jones Industrial Average gained 499 points, or 1.2%. The S&P 500 was up 1.1%. The Nasdaq Composite climbed up 1%. Stocks actually opened lower before rallying throughout the morning. Like on Thursday, the major indexes lost some ground in the final hours, but this time all three closed higher.
A majority of S&P 500 stocks closed higher for the first time this month, snapping the index’s streak of negative breadth at 14 days. Its longest streak was previously a 10-day stretch in 2000, according to Dow Jones Market Data numbers that go back to Dec. 31, 1999. Every S&P 500 sector rose for the first time since Election Day.
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