Dow Rises More Than 100 Points Amid Tame Inflation Data, Bank Shares Lead

U.S. stocks climbed on Friday, led by bank shares and economic reopening plays as investors cheered data showing subdued inflation. The Dow Jones Industrial Average gained 150 points. The S&P 500 rose 0.4%, while the Nasdaq Composite climbed 0.2%. Financial stocks rose after the Federal Reserve announced that banks could resume buybacks and raise dividends starting at the end of June. The central bank originally said it would lift pandemic era restrictions in the first quarter, but even the delayed move gives investors more clarity. Read more at CNBC.