U.S. stocks closed higher on Friday, with the Dow Jones Industrial Average gaining 0.98%, the S&P 500 rising 0.86% and the Nasdaq Composite advancing 0.96%; the VIX volatility index fell 11.21%. Earlier in the session, the Nasdaq had risen 1.23% to 26,403.20, the Dow 1.16% to 52,666.76 and the S&P 500 1.08% to 7,673.87. AI-related shares broadly advanced, led by Dell, while Kroger beat second-quarter estimates and ACV Auctions surged after Copart agreed to acquire it for $10.50 per share. European shares rose, Asian markets fell, U.S. annual inflation held at 3.4% in August and early-September consumer sentiment weakened.