Dow jumps 509 points Friday, snapping a four-day losing streak as falling oil prices and tech gains overwhelmed inflation jitters.
CPI report showed 3.4% annual inflation, matching expectations but with gasoline surging 27.4% year-over-year—keeping a September Fed rate hike firmly on the table.
Core inflation ticked down to 2.4%, giving markets just enough breathing room to bet the Fed might pause after all.
