Stocks swung from losses to gains on Friday, closing out a volatile trading week. Another hot inflation reading didn’t dissuade investors from buying up shares, as December inflation wasn’t rapid enough to convince investors that the Federal Reserve will lift interest rates faster than currently anticipated.
The Dow Jones Industrial Average rose 565 points, or 1.7%. The S&P 500 gained 2.4%, while the Nasdaq Composite surged 3.1%. The indexes had been down more than 1% earlier in the day.
It…