Major U.S. stock indexes rebounded on Friday, snapping a four-session losing streak despite a hotter-than-expected inflation report. The market ended the holiday-shortened week on a stronger note.
According to Investor's Business Daily, investors pushed equities higher as they weighed a lower risk of larger rate hikes later in the tightening cycle. That reassessment helped improve sentiment toward risk assets.
The Dow Jones Industrial Average closed up 1% on the day. The report said the broader market mood improved even as the inflation reading remained the central focus for traders.
Among individual stocks, Apple (AAPL) ended the week with gains, rising within a base. The move suggested investors were still closely watching large technology names as the broader market recovered.
