Wall Street Rallies as Inflation Data Boosts Rate-Hike Bets

U.S. stock markets rose on Friday.

A government inflation report showed prices increased more quickly in August.

This made investors think the Federal Reserve will raise interest rates next week.

Higher interest rates can help slow rising prices.

Investors also reacted positively to strong results from some technology companies.

Dell shares reached a record high.

Oil prices fell during the day, but they were still much higher for the week.

Concerns about inflation, Treasury yields and costly artificial-intelligence data centers had recently made investors nervous.

The major stock indexes all finished higher.