NEW YORK—Wall Street’s rally got back on track Friday following more encouraging profit reports and the latest signal that inflation is loosening its chokehold on the economy.
The S&P 500 rose 1 percent to its highest close in more than 15 months. The Dow Jones Industrial Average climbed 176 points, or 0.5 percent after breaking a 13-day winning streak the day before. The Nasdaq composite jumped 1.9 percent as Big Tech stocks led the market.
