U.S. stocks rose Friday as inflation held at 3.4%; the Dow gained 550 points. Oil fell, European shares climbed and Asian markets declined.

U.S. stocks fell as August producer prices rose 5.4% year-over-year. Oil jumped 4%, while Asian and European markets were mixed to lower.

U.S. stock futures were advanced on Friday, as the Dow Jones, S&P 500 and Nasdaq 100 indices rose, following Thursday's lower close.