Market Bounces as Oil Falls and Inflation Holds | Miami News

The market rebounded Friday with oil prices dipping and inflation data hitting expectations, lifting the S&P 500 0.9% and ending a four-day slide. Brent crude fell to $104.61, easing inflation pressure as consumer costs rose 3.4%—still high, but in line with forecasts. This fueled bets the Fed may hike rates, pushing 2-year Treasury yields to 4.62%. Meanwhile, consumer confidence dipped, with inflation expectations soaring to 4.6%—a worrying sign of a potential spending-price spiral. Corporate moves were mixed: Kroger surged on strong profits, ACV Auctions soared after a buyout, and Oracle’s stock plunged after an initial earnings rally, hinting at AI sector volatility. Listen in comfort: Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN: [email protected] This is an automated, high-level news summary based on public reporting. Report issues to [email protected]. View sources & latest updates: https://sources.thednn.ai/b15be192dc2febc6