Published on 12 Aug 2022 on Business Insider via Yahoo Finance
US stocks soar to a gain of 3% in the week as investors cheer data showing cooling inflation
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US stocks surged more than 1% on Friday, capping the S&P 500's weekly gains to 3%.The stock market surged as investors cheered the arrival of cooling inflation data.Cooling inflationary data would give the Fed some flexibility in its interest rate hike trajectory.
US stocks surged more than 1% on Friday, helping drive the S&P 500's weekly gain to just over 3%.