Stock Market Rises as Rate-Hike Concerns Ease
Major U.S. stock indexes ended a four-day losing streak on Friday, buoyed by investor optimism over reduced expectations of aggressive rate hikes from the Federal Reserve. Despite a strong inflation report, markets rallied amid speculation that central banks may slow their tightening cycle in coming months. Apple (AAPL) contributed to the positive momentum as its shares rose within a base pattern at week's end. The Dow Jones Industrial Average gained 1%, closing above 500 points for the day. The market reaction highlights investor confidence despite macroeconomic risks, with traders focusing on potential easing in monetary policy rather than recent inflation data.
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