Major U.S. indices posted a 1% gain on Friday as cooling oil prices and in-line inflation data provided a reprieve from a four-day market slide.
S&P 500 climbed 0.9%, snapping a four-day losing streak after oil prices eased and inflation data met expectations.
Dow Jones Industrial Average jumped 509 points, or 1%, driven by broad market relief.
Nasdaq composite rose 1% as tech stocks recovered amid easing oil and inflation concerns.
ACV Auctions soared 44.2% after Copart announced a $10.50 per share cash buyout.
Brent crude fell 2.8% to settle at $104.61, easing from overnight highs near $110.
Kroger rose 2.7% after reporting stronger quarterly profit than expected.
Copart fell 2.6% after announcing its acquisition of ACV Auctions.
Oracle finished with a loss of 1.7% despite strong earnings, reflecting AI sector uncertainty.
U.S. stocks rebounded Friday, snapping a four-day losing streak as Brent crude prices retreated 2.8% to $104.61. The S&P 500 gained 0.9%, while the Dow and Nasdaq both rose 1% following inflation data that met economist expectations. Despite the market relief, consumer sentiment remains fragile as inflation expectations hit a multi-month high.
The market recovered primarily due to a 2.8% decline in oil prices and inflation data that aligned with economist expectations, which helped alleviate investor anxiety.