Dow closes up 450 points | Suez Canal blockage affects global economy | Cramer: Stock pros are in control

Stocks closed out an uneven week with a solid rally Friday, as investors applauded tame inflation data and bank shares rallied on some regulatory relief from the Federal Reserve.

VIEW IN BROWSER | SUBSCRIBE FRI, MAR 26, 2021 EVENING BRIEF AS OF FRI, MAR 26, 2021 • 04:41 ET DJIA 33072.88 +1.39% +453.40 S&P 500 3974.54 +1.66% +65.02 NASDAQ 13138.72 +1.24% +161.04   Most Active DOW NAME LAST CHG %CHG AAPL 121.21 +0.62 +0.51% INTC 64.87 +2.85 +4.60% CSCO 52.57 +2.06 +4.08% S&P 500 NAME LAST CHG %CHG VIAC 48.23 -18.12 -27.31% DISCA 41.90 -15.85 -27.45% AAPL 121.21 +0.62 +0.51% NASDAQ NAME LAST CHG %CHG BIDU 208.61 +4.04 +1.97% AAPL 121.21 +0.62 +0.51% AMD 77.41 +1.19 +1.56%   EDITOR'S NOTE   Stocks closed out an uneven week with a solid rally Friday, as investors applauded tame inflation data and bank shares rallied on some regulatory relief from the Federal Reserve.   The Dow Jones Industrial Average climbed more than 450 points for the day. Major tech companies Facebook and Netflix were up more than 1% by the end of the day, but still in the red for the week. Big losers on the Nasdaq Composite included Discovery Inc. and ViacomCBS, demonstrating weakness in media companies.   Inflation numbers that came in around Wall Street estimates helped set a positive mood for the session. Core personal consumption expenditures, the Fed's key inflation gauge, rose just 1.4% year-over year, a touch below estimates.   Along with the soft inflation data, the final reading of consumer sentiment from the University of Michigan was a bit higher than expected at 84.9.   "This morning's data continues to underpin our confidence that the U.S. economy is recovering, and this recovery will accelerate meaningfully over the next quarter as the economy reopens and consumers spend more forcefully after a year of pent-up demand for travel and recreation activity," said Scott Ruesterholz, portfolio manager at Insight Investment.   Bond markets focused on economic growth rather than tame inflation, with yields across the curve rising sharply.   Jeff Cox | Finance Editor @JeffCoxCNBCcom TOP NEWS  S&P 500 closes at a record, Dow jumps 450 points as stocks rally in the final minutes of trading Another attempt to clear ship blocking Suez Canal fails as economic impact mounts Elon Musk tweets Tesla could become 'the biggest company' surpassing Apple Vehicle mileage tax could be on the table in infrastructure talks, Buttigieg says ViacomCBS, Discovery stock each close down more than 27% U.S. offers to help open Suez Canal, sees potential impact on energy market The Fed has embraced the 'punchbowl' and has no intention of taking it away Biden condemns GOP-backed voting restrictions in Georgia as 'blatant attack on the Constitution' Consumers spending stimulus checks will boost airlines, cannabis and these other stocks, Cowen says Chip companies are moving manufacturing home amid Covid disruption, and these stocks could benefit   TOP VIDEO BMO's Brian Belski and HighTower's Stephanie Link on investing in the re-opening economy   CNBC PRO Cramer: What it means for stocks now that the pros are taking back control from retail day traders   SPECIAL REPORTS How Texas' tough winter exposed U.S. power grid problems Facebook to reopen its Bay Area offices for some employees in May   Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2021 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS