NEW YORK — U.S. stocks climbed Friday and trimmed their losses for the week after a report showed that inflation is behaving roughly as economists expected , even if it’s still high.

The S&P 500 rose 0.6% and broke its three-day losing streak. The Dow Jones Industrial Average gained 299 points, or 0.7%, and the Nasdaq composite added 0.4%. All three indexes pulled closer to the all-time highs they set at the start of the week .

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