U.S. stocks rebound as new inflation data eases fears

NEW YORK, Dec. 20 (Xinhua) -- U.S. stocks ended higher on Friday, after fresh inflation data provided a welcome surprise to investors.

The Dow Jones Industrial Average reversed from earlier losses and rose 498.02 points, or 1.18 percent, to 42,840.26. The S&P 500 added 63.77 points, or 1.09 percent, to 5,930.85. The Nasdaq Composite Index increased 199.83 points, or 1.03 percent, to 19,572.6.

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