Stocks rally again, close out best month since Nov. 2020

FILE- A sign for New York Stock Exchange is displayed on the floor at the NYSE in New York, Wednesday, July 27, 2022. Stocks were modestly higher early Friday, July 29, 2022, on Wall Street, despite news that closely watched inflation data jumped by the most in four decades last month. (AP Photo/Seth Wenig, File)

A woman wearing a face mask walks past a bank's electronic board showing the Hong Kong share index in Hong Kong, Friday, July 29, 2022. Asian shares mostly rose Friday, following a broad rally on Wall Street as investors grew more optimistic that the U.S. Federal Reserve may temper its aggressive interest rate hikes aimed at taming inflation. (AP Photo/Kin Cheung)

Stocks racked up more gains Friday as Wall Street closed out its best month since November 2020, a welcome breather for investors after a punishing year for the market.