The Dow Jones Industrial Average surged over 350 points in early trading on Friday, as Wall Street responded positively to the latest U.S. inflation data. The S&P 500 and Nasdaq Composite also saw gains of 0.5% and 0.4%, respectively. The core personal consumption expenditures (PCE) price index for August matched economists' expectations, registering a 0.29% annual increase. Analysts, including Mohamed El-Erian, suggested that the data helped ease investor concerns, indicating stability in long-term inflation expectations.