New York/London/New Delhi: Better-than-expected inflation data Friday morning sparked an end-of-week rally in stocks, sending the Dow, S&P 500 and tech-heavy Nasdaq Composite soaring to fresh record highs.
The Dow gained 473 points, or 1.01%, and closed at 47,207.12 point. The blue-chip index closed above 47,000 for the first time ever.
The broader S&P 500 climbed 0.79%. The Nasdaq gained 1.15%. Wall Street’s fear gauge, the VIX, sank 5%.
