Dow Closes Up More Than 650 Points on Retail Spending Data

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U.S. stocks rebounded Friday, capping a volatile week during which investors tried to reconcile a flurry of corporate-earnings reports and data that at times appeared to offer conflicting narratives on the economic outlook.

Major indexes rallied to end the week on a fresh round of bank earnings and data showing retail sales had climbed more than expected in June. They tumbled earlier on a new reading showing inflation at yet another four-decade high and as some of the biggest U.S. banks posted disappointing quarterly results.

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