Stocks Shake Off CPI Report and Rally on Lower Oil Prices

The S&P 500 Index ($SPX) (SPY) on Friday rose by +0.86%, the Dow Jones Industrial Average ($DOWI) (DIA) rose by +0.98%, and the Nasdaq 100 Index ($IUXX) (QQQ) rose by +0.91%. E-mini S&P futures (ESU26) rose +0.83%, and September E-mini Nasdaq futures (NQU26) rose +0.86%. Stock indexes closed higher, supported by Friday's -2.4% decline in oil prices. The stock market took Friday's CPI report largely in stride, even as the 10-year T-note yield closed slightly higher and the odds of a Fed rate hike next week rose to 85%. More News from Barchart GME Stock Jumps as GameStop CEO Ryan Cohen Buys $20 Million Worth of Shares Rocket Lab Stock Just Scored a New Bullish Rating Cathie Wood Just Bet $45 Million on This Beaten-Down Space Stock.