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Joe0319
2021-12-10

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U.S. stocks open solidly higher after Friday's hot inflation reading

The major averages rose on Friday, extending Wall Street’s strong rally this week, despite inflation

U.S. stocks open solidly higher after Friday's hot inflation reading

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The S&amp;P 500 rose 0.6% and the technology-focused Nasdaq Composite added 0.72%.</p>\n<p><img src=\"https://static.tigerbbs.com/b873ac71a230a8d742db043325703697\" tg-width=\"1035\" tg-height=\"450\" referrerpolicy=\"no-referrer\"></p>\n<p>Inflation soared 6.8% year-over-year in November&nbsp;to fastest rate since 1982, the Labor Department said Friday. The print came in slightly higher than the 6.7% Dow Jones estimate. The consumer price index, which measures the cost of a wide-ranging basket of goods, rose 0.8% for the month.</p>\n<p>Oracle&nbsp;shares soared, gaining more than 17%, a dayafter beating earnings&nbsp;on the top and bottom lines.</p>\n<p>Southwest Airlines&nbsp;dropped 2.5% following another downgrade on Wall Street, this time from Goldman Sachs. The industry has been deemed susceptible to inflation risk.</p>\n<p>Interactive fitness company&nbsp;Peloton&nbsp;added to its woes, dropping 2%&nbsp;after tumbling 11.3% on Thursday. 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U.S. stocks open solidly higher after Friday's hot inflation reading

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