Dow Rallies 509 Points as Stocks Snap Losing Streak
Schaeffers·
- U.S. stocks rallied on Friday, with the Dow Jones Industrial Average jumping 509 points to snap a four-session losing streak.
- The market rebound was driven by easing oil prices, which helped alleviate pressure despite expectations of an upcoming Federal Reserve interest rate hike following a fresh CPI reading.
- West Texas Intermediate crude fell 2.4 % to settle at $100.05 a barrel, while major indices still recorded weekly losses.
