US Stocks Extend Gains as Soft Economic Data Temper Inflation Fears

Last Updated: Friday, May 14, 2021 4:40 PM | MT Newswires

US stocks rallied for a second straight day Friday after a three-session skid to start the week, as subpar economic data tempered inflation worries. The S&P 500 rose 1.5% to 4173.85, still down 1.4% from last Friday's record close. The Nasdaq Composite surged 2.3% to 13,429.98, while the Dow Jones Industrial Average gained almost 1.1% to close at 34,382.13.

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