Dow closes up 400 points, S&P 500 rises for fourth straight week as investors warm to cooler inflation
Posted on AllSides August 12th, 2022
From The Center
CNBC
Stocks rose sharply on Friday, clinching the fourth straight positive week for the S&P 500 as investors celebrated signs that inflation may be peaking.
The Dow Jones Industrial Average added 424.38 points, or 1.27%, to close at 33,761.05. The S&P 500 gained 1.73% to finish at 4,280.15, and the Nasdaq Composite surged 2.09% to 13,047.19.
The S&P 500 rose 3.26% on the week, notching its longest weekly winning streak since November 2021. The Dow was up 2.92% for the week, while the Nasdaq Composite moved higher by 3.08%. For the...
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