RCI.B:CC - Summer Rally Continues Dow Leaps

Stocks rose on Friday, putting the S&P 500 on track for its fourth positive week in a row on the hope that inflation is peaking.

The Dow Jones Industrials popped 259.44 points, to observe midday Friday at 33,596.11

The S&P 500 jumped 42.99 points, or 1%, to 4,250.19

The NASDAQ Composite recovered 89.05 points to 12,868.96.

The S&P 500 is up 2% on the week and is on track for its longest weekly winning streak since November 2021. The Dow is up 2% for the week, while the NASDAQ Composite is 1.5% higher. For the NASDAQ, it is also the fourth positive week in a row.

Consumer sentiment data are due out later Friday.

Treasury prices were static, keeping yields at Thursday's 2.87%.

Oil prices wilted $1.97 to $92.37 U.S. a barrel.

Gold prices revived $5.90 to $1,813.10 U.S. an ounce.