US Markets Close: Dow Rallies 509 Points on Oil Drop, But Treasury Yields Flash Warning

The Dow Jones Industrial Average staged a 509-point rally on Friday, snapping a four-day losing streak as falling oil prices and in-line inflation data emboldened bargain hunters. The August CPI report showed headline inflation rose 0.4% month-over-month and 3.4% year-over-year, matching expectations and easing fears of a hotter-than-expected print. Tech stocks led the charge, with the Nasdaq 100 gaining 0.44% as investors shrugged off rate-hike odds now pricing...