
US Stocks Rebound as Key Inflation Data Meets Forecasts
U.S. stocks closed higher on Friday, halting a three-day slide after a key inflation report met expectations, but major indexes still ended the week with losses.
#US Stocks#S&P 500#Dow Jones
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U.S. stocks closed higher on Friday, halting a three-day slide after a key inflation report met expectations, but major indexes still ended the week with losses.
The U.S. dollar rallied significantly after government data showed stronger-than-expected economic growth and higher inflation for the second quarter.
Major U.S. stock indexes fell for a third consecutive day, the longest losing streak since March, as strong economic data fueled concerns about interest rates.
U.S. stocks fell for a second straight day, with the Dow, S&P 500, and Nasdaq all declining as Treasury yields rose and investors awaited key inflation data.