. Stocks fly high on Wall Street, giving the S&P 500 its 4th straight week of gains « JO LEE MAGAZINE

CBS – U.S. stocks saw big gains on Friday, giving the S&P 500 its first 4-week winning streak since November.

The benchmark index rose 73 points to 4,280, or 1.7%, Friday, while the Dow Jones Industrial Average climbed 424 points to 33,761, or 1.3%. Technology stocks drove much the rally with the Nasdaq up 2%.

Inflation cooled more than expected last month, sending stocks higher. Investors see a higher chance inflation may have peaked, allowing the Federal Reserve to be less aggressive with its rate hikes than it has been this year.

Continue reading at CBS News.





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