NEW YORK (AP) — Most U.S. stocks are rising Friday after a report showed that inflation is behaving roughly as economists expected , even if it’s still high.

The S&P 500 added 0.6%, as four out of every five stocks within the index climbed. The Dow Jones Industrial Average was up 355 points, or 0.8%, as of 1:12 p.m. Eastern time, and the Nasdaq composite rose 0.4%. All three indexes are near their all-time highs set at the start of the week .

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