Stocks end higher, S&P hits record high
A late wave of buying sent stocks to solid gains on Wall Street Friday, sending the S&P 500 to another record high. Business software maker Oracle surged 15.6 percent after reporting strong results in its latest quarter. The gains came after the government reported another big rise in inflation last month, but markets were relieved to see that the report was in line with expectations. Consumers prices jumped 6.8 percent in November compared with a year earlier, the most in four decades. The S&P 500 rose 44.57 points, or 1 percent, to 4,712.02. The Dow Jones Industrial Average gained 216.30 points, or 0.6 percent, to 35,970.99. The Nasdaq added 113.23 points, or 0.7 percent, to 15,630.60. The Russell 2000 index of smaller companies fell 8.40 points, or 0.4 percent, to 2,211.81.