Stocks Finish Higher

A drop in oil prices to under $50 per barrel helped boost the indexes, as investors weighed more economic data

Stocks jumped on Friday as oil prices plunged to below $50 per barrel. Investors also weighed a larger-than-expected drop in consumer confidence and readings that eased concerns about inflation. Portfolio rebalancing prior to month-end contributed to gains and drove volume higher, according to Standard & Poor's MarketScope.

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