Oil Price Dip and Inflation Update Fuel US Stock Rebound

US stocks rebounded on Friday, recovering some of their losses for the week. Oil prices eased off their recent surge, contributing to the market's improvement. The S&P 500 climbed 1.1%, breaking a four-day losing streak that had lasted since June. The Dow Jones Industrial Average rose by 578 points, or 1.1%, as of 1:49 p.m. Eastern.

The rebound was also influenced by an update on inflation in the US, which came in close to economists' expectations. Although prices are still rising too quickly for everyone's liking, the data helped calm the market. The news provided a welcome respite from recent market volatility.