US stocks end sharply higher, dollar drops after inflation report

Wall Street rallied and the dollar weakened as cooler-than-anticipated inflation data eased fears of runaway price growth. This positive news overshadowed concerns about a potential government shutdown and new tariff threats. Major U.S. stock indexes climbed over 1%, while gold prices surged and Treasury yields retreated. European stocks, however, experienced their worst week in months due to tariff concerns.