The Dow rallied about 700 points on data showing a slowdown in wage growth, an upbeat sign for the Fed's battle against inflation
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Stocks stage first big rally of 2023 as hopes of easing inflation grow, Dow closes up nearly 700 pointsU.S. stocks rallied Friday after the December jobs report and an economic activity survey showed signs that inflation may be cooling. The Dow popped 2.13%. The S&P 500 jumped 2.28%. The Nasdaq soared 2.56%.
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