Stocks were solidly higher with less than an hour to go in Friday’s session. The Dow Jones Industrial Average was up 362 points, or 1.1%, while the S&P 500 was up 1.5% and the Nasdaq Composite gained 1.8%. The S&P 500 was on track for a weekly rise of 3%, while the Dow had gained 2.7% and the Nasdaq was set for a 2.8% advance. Stocks have rallied this week as inflation data cooled somewhat, but still ran hot.
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