The S&P 500 gained 59.88 points, or 1.11%, at 5,459.10 points, while the Nasdaq climbed 176.16 points, or 1.03%, to 17,357.88. The Dow rose 654.27 points, or 1.64%, to 40,589.34. — Reuters
NEW YORK: Wall Street's major indices ended higher on Friday as investors flocked back to tech megacaps that had triggered broad sell-offs earlier in the week, and inflation data boosted optimism that the Federal Reserve will soon commence cutting interest rates.
For the S&P 500 and Nasdaq Composite, the advances could not completely recoup the ground lost in the two previous sessions, with both indexes ending the week lower for the second consecutive week.
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