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US stocks gained ground Friday afternoon, fueled by the latest inflation data that showed easing pricing pressures and renewed confidence in parts of the stock market outside of big technology names.
The Dow Jones Industrial Average (^DJI) added 1.8%, or more than 700 points. The S&P 500 (^GSPC) rose about 1.4%, while the Nasdaq Composite (^IXIC) climbed 1.3%. The Dow is on track for a win for the week while the S&P and the Nasdaq are set to lose.
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