Nasdaq Snaps Four-Day Losing Streak as Oil Prices Retreat

This article first appeared on GuruFocus. U.S. stocks moved higher Friday as investors returned to equities after four consecutive losing sessions, while retreating crude prices eased some pressure on markets despite renewed concerns about inflation and Federal Reserve policy. The Dow Jones Industrial Average gained about 1%, while the S&P 500 and Nasdaq Composite climbed roughly 1.1% and 1%, respectively. The gains came as oil prices pulled back after a recent rally tied to escalating Middle East tensions. Warning! GuruFocus has detected 1 Warning Sign with SPCX. Is DIA fairly valued? Test your thesis with our free DCF calculator. West Texas Intermediate crude fell 3% to $99.44 a barrel, while Brent declined 2.74% to $104.68.