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The Economic Times
The Economic Times
Business

US stocks today: Dow Jones soars 600 pts, Nasdaq 1% as oil prices fall amid high August inflation

Dow United States Inflation Oil US Federal Reserve the Federal Reserve

US stocks climbed on Friday, putting the major indexes on course to end a rough week on a positive note even as August inflation accelerated. The gains suggest investors were able to look past the latest price data, helped by a sharp decline in oil prices and strength across all major S&P 500 sectors, according to Reuters.

The Dow Jones Industrial Average rose 638.99 points, or 1.23%, to 52,703.09, while the S&P 500 gained 1.05% to 7,671.57. The Nasdaq Composite added 1.08% to 26,362.30 at 9:38 a.m. ET.

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