U.S. stocks rebounded Thursday after five straight sessions of losses, helped by falling international oil prices and consumer inflation data that did not deviate sharply from expectations.
At the New York Stock Exchange, the Dow Jones Industrial Average rose 0.98% to close at 52,573.29. The S&P 500 gained 0.86% to 7,656.98, while the Nasdaq Composite, which is heavily weighted toward technology stocks, finished up 0.96% at 26,333.04.
The move offered relief to investors who had been watching inflation and energy prices for signs of pressure on the broader economy. Consumer price index, or CPI, readings are closely followed in the United States because they help shape expectations for interest rates and consumer spending.
The rebound came as markets balanced inflation concerns against a drop in oil prices, a combination that helped lift sentiment after several days of declines.
