Stocks Slide
Submitted by Little & Associates Wealth Management on December 12th, 2022Recession fears and concerns that the Fed may consider a longer rate-hike cycle sent stocks lower for the week.
Recession fears and concerns that the Fed may consider a longer rate-hike cycle sent stocks lower for the week.
Stocks ended higher last week as investors navigated the crosscurrents of a potential easing in future rate hikes and continued strength in the labor market.
Growing optimism that the Fed may be ready to ease future interest rate hikes sent stocks higher in a quiet trading week.
The stock market edged lower last week as it digested a crosscurrent of conflicting economic data and contrasting comments from Fed officials.
A cooling inflation number ignited a powerful rally on Thursday, sending stocks to strong gains for the week.
Hawkish comments by Fed Chair Jerome Powell, following the announcement of another 75 basis points interest rate hike last week, cast a pall over financial markets, sending yields higher and stocks lower.
Stocks overcame poor earnings results from some of America’s largest companies to post gains last week as investors cheered positive earnings surprises, easing inflation and a rebound in economic growth.
A positive start to a new earnings season and late-week hopes for a near-term easing in Fed rate hikes lifted investors’ spirits and powered stocks to gains for the week.
Stocks were mixed last week amid wide intra- and inter-day price swings, as technology shares bore the brunt of the downdraft.
A powerful two-day stock rebound cemented a positive week for investors as a new trading month began.