Stock Market Today: Dow Soars 500 Points Amid Rate-Hike Bets; Apple Advances

Major stock indexes broke a four-day losing streak Friday, despite a hot inflation report that wrapped up the holiday-shortened week. Apple stock finished a winning week by rising within a base. The Dow Jones Industrial Average ended up 1%, or 509 points, and the S&P 500 closed up by 0.9%.