Stocks' major comeback rally | Inflation expectations ease slightly | Is tech the new value?

Stocks posted a major comeback rally, with the Dow Jones Industrial Average rising more than 800 points.

VIEW IN BROWSER | SUBSCRIBE FRI, JUN 24, 2022 EVENING BRIEF AS OF FRI, JUN 24, 2022 • 05:07 ET DJIA 31500.68 +2.68% +823.32 S&P 500 3911.74 +3.06% +116.01 NASDAQ 11607.62 +3.34% +375.43 Most Active DOW NAME LAST CHG %CHG AAPL 141.66 +3.39 +2.45% INTC 38.61 +1.20 +3.21% MSFT 267.70 +8.84 +3.42% S&P 500 NAME LAST CHG %CHG AAPL 141.66 +3.39 +2.45% AMD 87.08 +4.65 +5.64% CCL 10.85 +1.20 +12.44% NASDAQ NAME LAST CHG %CHG AAPL 141.66 +3.39 +2.45% AMD 87.08 +4.65 +5.64% AMZN 116.46 +4.02 +3.58% EDITOR'S NOTE The Dow Jones Industrial Average surged more than 800 points in a major comeback rally for stocks, coming off the lows of the bear market last week even as many on Wall Street maintain a gloomy outlook.   A final reading of a consumer sentiment report tracked by the Federal Reserve showed record lows going back to 1952. Still, stocks appeared to get a lift from a key figure in the report showing inflationary pressures easing slightly compared to a preliminary release.     More consumers appeared to be willing to pay for experiences compared to durable goods.    "On balance, sentiment is mixed," wrote Terry Sandven, chief equity strategist at U.S. Bank Wealth Management. "Consumers are getting out and paying for 'experiences,' namely travel, leisure, beauty items, household essentials, etc. Elevated inflation, particularly higher food and energy costs, are among headwinds widely expected to crimp discretionary spending in the near-term."   On Friday, travel names led the S&P 500's gains.    All 11 sectors in the S&P 500 were positive on Friday, but cruise line stocks leapt on the back of a business update from Carnival Corporation that showed booking volumes in its most recent quarter were "nearly double" those of the first quarter.    Shares of Carnival rallied 12.4%. Royal Caribbean Group surged about 15.8%. Norwegian Cruise Line Holdings' shares gained nearly 15.4%.   Sarah Min | Investing Reporter at CNBC Pro @_sarahmin Watch our live stream for all you need to know to invest smarter. TOP NEWS  Dow rallies 800 points on Friday to cap big comeback week for stocks Supreme Court overturns Roe v. Wade, ending 50 years of federal abortion rights Disney tells employees it will provide 'comprehensive access' for reproductive care Several U.S. states immediately institute abortion bans following Roe ruling Supreme Court Justice Clarence Thomas says gay rights, contraception rulings should be reconsidered after Roe is overturned Tech the new value stocks? Here are the 10 cheapest names in the tech space Congress passes most significant gun reform bill in decades, sends it to Biden Consumer sentiment survey followed by the Fed shows inflation expectations ease slightly Beware these yield traps with dividend payouts that could be too good to be true Goldman recommends stable and consistent stocks for this challenging moment TOP VIDEO There are only two certainties going into the second half of the year, says Richard Bernstein CNBC PRO Cybersecurity, lithium among sectors that could pay off for investors even if the economy enters a recession SPECIAL REPORTS The 10 worst US cities for first-time homebuyers Inflation and rising interest rates have stressed the 60/40 investment portfolio strategy — 'but it's not dead,' says financial advisor Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy © 2022 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