Dow Rises Nearly 600 Points on Retail Spending Data

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U.S. stocks rebounded Friday after retail spending figures beat forecasts and investors reviewed another round of earnings updates from big banks.

The S&P 500 added 1.6% and is poised to end a five-session losing streak. The tech-focused Nasdaq Composite gained 1.3%, and the Dow Jones Industrial Average rose 573 points, or 1.9%. All three indexes are still on pace for weekly losses.