S&P 500 snaps 4-day losing streak as stocks gain in choppy session

The S&P 500 snapped a four-day losing streak Thursday as stocks ended higher after visiting both sides of unchanged in choppy trading.

Investors continue to weigh the path for Federal Reserve rate hikes amid growing expectations the central bank will keep borrowing costs elevated for a lengthy period in its effort to bring down inflation in the face of sticky price data and a robust labor market. The Dow Jones Industrial Average DJIA, +0.33% rose around 111 points, or 0.3%, to close near 33,156, according to preliminary figures, while the S&P 500 SPX, +0.53% gained around 21 points, or 0.5%, to finish near 4,012.

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Stock market rebound: S&P 500 could jump more than 12%, strategist saysThe S&P 500 could jump more than 12% if lower inflation allows the Fed to ease, stock strategist says The Fed is intent on inducing a recession.
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