Stock market news live updates: Stocks cap losing streak to close higher following comeback rally from earlier sell-off

U.S. stocks closed higher after a comeback rally Friday helped pare some losses from earlier this week as concerns over persistent inflation and the resilience of the U.S. economy stirred up further volatility in recent sessions. The S&P 500 rose 2.4%, while the Nasdaq jumped by over 3.8% in its best day since mid-March. The…