Tech-heavy Nasdaq Composite on track to score its biggest weekly gain since March

U.S. stocks are on track to book weekly gains, with all three major benchmarks rising amid investor enthusiasm over Thursday’s softer-than-anticipated inflation report. The Dow Jones Industrial Average is heading for a 4% gain this week, while the S&P 500 is on pace for a 5.8% rise and the technology-heavy Nasdaq Composite was poised to advance 7.8%, according to FactSet data, at last check. The Nasdaq was on track to score its best week since March, while the S&P 500 was heading for its biggest weekly percentage gain since June, according to Dow Jones Market Data.

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