A record-high inflation report, the prospects of a more aggressive Fed, and growing recession fears sent stocks lower– though losses were pared by a Friday
In a holiday-shortened trading week, stocks rallied despite mixed economic data and vacillating energy prices and bond yields.
Prospects of cooling inflation powered a rally in stock prices last week despite growing recession concerns.
Stocks moved lower last week as recession fears deepened following a Fed hike in interest rates and weak economic data.
A higher-than-expected inflation report triggered a sell-off on Friday, leaving stocks in the red for the week.
In a holiday-shortened week of volatile trading, stocks surrendered some of the previous week’s strong gains.
Stocks posted solid gains for the week, buoyed by the release of Fed meeting minutes and upbeat earnings from mid-size and discount retailers.
