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Wall Street Roars Back, Dow Up Nearly 400 Points

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Wall Street's main indexes ended sharply higher Friday, boosted by heavyweight tech and growth stocks as Treasury yields calmed, while investors looked ahead to a next week's important reports on inflation and other economic data.

Wall Street's main indexes ended sharply higher Friday, boosted by heavyweight tech and growth stocks as Treasury yields calmed, while investors looked ahead to a next week's important reports on inflation and other economic data. Equities bounced back from declines the previous session which followed hawkish comments from Federal Reserve Chair Jerome Powell about interest rates.

Next week the consumer price index report will be closely watched, along with data on producer prices and retail sales, which will further shape interest rate projections. The technology sector led the way, notably megacap stocks that have propelled the market higher this year, including gains for Nvidia and Microsoft.

 

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