U.S. stocks rallied to close higher on Friday, as the S&P 500 and Dow snapped a three-session losing streak, and the Nasdaq rose more than 2%. Also, experts believe the market will likely recover this year.
As per the Labor Department, the Producer Price Index declined 0.5% in December, more than the 0.1% expected by the Dow Jones. Also, the Consumer Price Index fell 0.1% for the month, in line with the estimate. Both were the biggest month-over-month declines since April 2020, indicating that inflation is finally easing.
