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Stocks rebounded Friday after four straight days of losses, even as August inflation data lifted Fed rate-hike odds above 85%
Michael M. Santiago / Getty Images
U.S. stocks climbed Friday, ending a four-session skid, as easing oil prices and resilient investor sentiment overcame a consumer inflation reading that strengthened the case for a Federal Reserve rate hike. The Dow Jones Industrial Average rose 622 points, or 1.2%, while the S&P 500 and the Nasdaq $NDAQ Composite each gained 1.1%.
The Dow had not suffered a comparable run of consecutive losses since late April.
