Stocks closed out the week on a high note, with the Dow logging a 460-point win to score its sixth-straight daily gain and snap an eight-week losing streak. The S&P 500 and Nasdaq finished the session higher as well, and, thanks to a report that showed inflation is slowly cooling off, were able to snap seven-week losing streaks. The Cboe Market Volatility Index (VIX), meanwhile, finished with its worst weekly performance since March.

The Dow Jones Average (DJI - 33,212.96) gained 575.8 points, or 1.8% today, and jumped 6.2% this week. Every Dow component walked away with a win, led by Apple's (AAPL) 4.1% pop.

The S&P 500 Index (SPX - 4,158.24) added 100.4 points, or 2.5% for the day, while the Nasdaq Composite (IXIC - 12,131.1) jumped 390.5 points, or 3.3% for the session. The benchmarks were able to add 6.6% and 6.8%, respectively, this week.

Lastly, the Cboe Market Volatility Index (VIX - 25.72) lost 1.8 points, or 6.5% today. For the week, Wall Street' "fear gauge" lost 12.6%.

OIL, GOLD BOTH END WEEK HIGHER

Oil futures scored another win today, with the start of U.S. driving season right around the corner and supply concerns sending prices higher. As a result, July-dated crude rose 98 cents, or 0.9%, to settle at $115.07 per barrel, and 4.3% this week. This marked crude's fifth-straight weekly pop.

Gold prices finished Friday's session higher, boosted by data that showed cooling inflation in the U.S. For the week, gold added 0.8%, while August-dated gold, the now most active contract, today rose $3.40, or 0.2%, to settle at at $1,857.30 an ounce.