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Stock market today: Dow soars 654 points as traders celebrate inflation data

Summary by Business Insider
Kevin Dietsch/Getty ImagesUS stocks staged a sharp rebound on Friday, snapping a three-day streak of losses.Encouraging inflation data stoked optimism that the Federal Reserve can cut interest rates in September.The rotation into small-caps continued, with the Russell 2000 rising more than 1.5%.US stocks rebounded Friday, helping reverse a streak of losses that dominated most of this week.With investor confidence starting to waver in the tech-st…

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Stock market today: Dow soars 654 points as traders celebrate inflation data

Kevin Dietsch/Getty ImagesUS stocks staged a sharp rebound on Friday, snapping a three-day streak of losses.Encouraging inflation data stoked optimism that the Federal Reserve can cut interest rates in September.The rotation into small-caps continued, with the Russell 2000 rising more than 1.5%.US stocks rebounded Friday, helping reverse a streak of losses that dominated most of this week.With investor confidence starting to waver in the tech-st…

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