Wall Street closed sharply higher on Friday as signs of peaking inflation and consumer resiliency sent investors into the long holiday weekend with growing optimism that the US Federal Reserve will be able to tighten monetary policy without tipping the economy into recession. All three major US stock indices brought a decisive end to their longest weekly losing streaks in decades. The S&P 500 and the NASDAQ Composite suffered seven consecutive weekly declines, the longest since the end of the dot-com bust, while the blue-chip Dow Jones Industrial Average’s eight-week sell-off was its lon...