U.S. stock markets experienced a significant rebound on Friday, closing out a turbulent week positively. The Dow Jones Industrial Average surged 654.27 points (1.64%) to 40,589.34, marking its fourth consecutive week of gains. The S&P 500 rose 59.8 points (1.05%) to 5,459.09, while the Nasdaq Composite added 193.06 points (1.03%) to 19,023.65. The Russell 2000 Index also saw a notable increase, up 1.67%. The rally was fueled by strong earnings reports, particularly from 3M, which soared 23% after raising its profit forecast. Investors were also encouraged by June's PCE inflation data, which rose 0.1% monthly and 2.5% yearly, aligning with forecasts and bolstering hopes for potential Federal Reserve rate cuts. Despite the day's gains, the S&P 500 and Nasdaq faced weekly declines of 0.83% and 2.65%, respectively. The Nasdaq 100 also saw a weekly decline of 2.08%.