US stocks open higher as Dow gains 613.56 points
Business
US stocks opened higher on Friday, with the Dow rose 613.56 points, or 1.18%, to 52,677.66.
The S&P 500 and Nasdaq also climbed, thanks to fresh inflation data and a sharp drop in oil prices.
Investors assessed the latest inflation data and its implications for Federal Reserve policy.
Brent crude falls 3% to $104.35
Brent crude fell 3% to $104.35 a barrel after news of Gulf nations' meeting in Oman, a move seen as easing Iran-region tensions.
Lower oil prices boosted investor moods despite ongoing inflation concerns and talk of possible interest rate hikes.
Consumer prices accelerated in August
Consumer prices accelerated in August.
These numbers will likely shape what the Federal Reserve decides about interest rates.