S&P 500 Movers for Friday (12/10)
The $S&P 500 Index (.SPX.US)$ rose 0.95% to 4,712.02 to close at a record. The 500-stock average sits 0.7% from its all-time high. The $Dow Jones Industrial Average (.DJI.US)$ gained 216.30 points, or 0.6%, to 35,970.99. The technology-focused $Nasdaq Composite Index (.IXIC.US)$ climbed 0.7% to 15,630.60.
The Dow Jones Industrial Average rose 4% since Monday, snapping a 4-week losing streak. The 30-stock index had its best weekly performance since March. The S&P 500 and Nasdaq Composite added 3.8% and 3.6%, respectively, this week — the best since February for both indexes.
Inflation soared 6.8% year-over-year in November to highest rate since 1982, the Labor Department said Friday. The print came in slightly higher than the 6.7% Dow Jones estimate. The consumer price index, which measures the cost of a wide-ranging basket of goods, rose 0.8% for the month.
Core CPI, which excludes food and energy prices, rose 0.5% for the month and 4.9% from a year ago, in line with estimates.
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