Stocks rebound as Dow jumps 390 points, oil falls
Stocks bounced back on Friday, was on track to break the S&P 500's four-day losing streak.
Thanks to dropping oil prices and steady inflation numbers, the Dow shot up 390 points (0.8%), while the S&P 500 and Nasdaq also climbed nearly 1%.
Investors seemed relieved after a week of uncertainty.
August consumer prices rise 3.4%
Brent crude oil fell from almost $110 to $104.42 a barrel, easing worries about rising costs.
August's consumer prices went up by 3.4%, right in line with what experts expected, which made a Federal Reserve rate hike next week look likely but not scary.
Treasury yields shifted slightly as markets adjusted.
ACV Auctions jumps on Copart buyout
Strong results from Oracle and Kroger boosted their stocks, while ACV Auctions soared 44.3% after Copart announced it would buy them out for $10.50 a share in cash.
These wins helped keep the market mood upbeat heading into the weekend.