Technology stocks, which were hurt hard earlier in the week, were among the bigger gainers.
It’s not uncommon for markets to reverse direction after sharp gains or losses over a period of days as investors reassess markets and pause during period of volatility.
Last week’s jobs report was showed fewer employers hiring than had been expected, and on Thursday the government reported that wholesale prices jumped 0.6% last month, driven by higher costs for services and food.
Investors have been questioning whether rising inflation will be something transitory, as the Federal Reserve has said, or something more durable that the Fed will have to address.
In other markets, the price for Bitcoin plunged 11% after billionaire Elon Musk changed his position on the digital currency, citing the environmental impact.
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