Stocks Open Higher After Inflation Nears 40-Year High – The Wall Street Journal

U.S. share benchmarks and oil prices gained after fresh inflation data piqued investors’ hopes that price rises may be nearing a peak.

The S&P 500 advanced 0.5% Friday morning. The index retreated Thursday but was on track for its strongest week of gains since February. The tech-focused Nasdaq Composite Index rose 0.2%, and the Dow Jones Industrial Average added 0.3%.

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