Wall Street rallied Friday after fresh inflation data showed price pressures easing faster than expected, reinforcing hopes that the Federal Reserve could soon begin cutting interest rates. The upbeat economic report, combined with strong corporate earnings, lifted all three major indexes and capped a positive week for U.S. equities.
U.S. stocks ended sharply higher, with investors welcoming signs that inflation continues to cool while the economy remains resilient. The S&P 500 rose 0.8%, the Dow Jones Industrial Average gained 1.0%, and the tech-heavy Nasdaq 100 advanced 1.1%, marking a broad-based rally across major sectors.
