Dow, S&P gain 1+%, Nasdaq 2%, hit highest close since Spring U.S. stocks staged a strong rally Friday with all three of the major averages posting gains of 1%+ as investors cheered a modest pullback in consumer and producer prices, while speculating the Federal Reserve may ease the size of future rate hikes. In commodities, oil gained 3.5$ for the week to $92.09 per barrel. The Nasdaq Composite began a fresh bull market rising 3% for the week, the highest close since April. While the Dow and S&P reached the best levels since May rising 2.8% and 3.2%, respectively. More on this For more news, please go to FoxBusiness.com and watch Fox Business Network.

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