Stock Market Today: Dow Jumps Nearly 600 Points After CPI Surprise; Shipping Name Breaks Out (Live Coverage)

Major indexes climbed Friday afternoon, holding to early momentum as investors took in stride inflation data showing consumers continued to pay higher prices for goods and services in August. The Dow industrials rose 1.1%, or about 590 points, as the S&P 500 moved up 1.1%. The tech-heavy Nasdaq composite tacked on 1.2%, and the Russell 2000 small-cap index picked up 0.7%.