Brendan McDermid/Reuters
- US stocks climbed Friday, with the Dow jumping by almost 400 points.
- Stocks rebounded after falling on Thursday to snap an eight-day winning streak.
- Meanwhile, consumer long-term inflation expectations hit a 12-year high.
US stocks jumped on Friday, with the Dow Jones Industrial Average gaining almost 400 points and the Nasdaq adding more than 2%.
The S&P 500 breached the 4,400 threshold, near its highest level in nearly two months and above its 100-day moving average.
Treasury markets calmed from the day before, helping each of the three major stock indexes cap off winning weeks, as traders pushed past hawkish talk from Federal Reserve Chair Jerome Powell a day earlier.