Wall Street rallied as investors awaited inflation data likely to hint at the path of the Fed's future interest rate hikes.
The Nasdaq gained 1.48% to 11,891.06 points, while the Dow Jones Industrial Average was up 0.99% at 34,205.73 points.
plunged almost 14% following the banking and payments processing conglomerate's decision to spin off its merchant payments business. As U.S. quarterly earnings reports wind down, 69% of the S&P 500 firms that have reported results so far have exceeded profit expectations, according to Refinitiv data on Friday. Analysts expect fourth-quarter earnings to fall nearly 3% from a year earlier.The S&P 500 posted four new highs and no new lows; the Nasdaq recorded 60 new highs and 50 new lows.
Reporting by Johann M Cherian in Bengaluru; Editing by Maju Samuel, Sriraj Kalluvila, Shinjini Ganguli and Deepa Babington
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