Stocks retreat as inflation advances.
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Stocks edge higher in short week
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Employment reports and consumer confidence are up; stock
market replies favorably
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THE WEEK ON WALL STREET
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The Fed signals interest rate hikes.
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Positive labor numbers lead stocks to a modest gain.
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Upbeat feelings boost the stock market, with America reopening ahead of Memorial Day.
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Inflation concerns continue as the Fed weighs scaling back of bond purchases.
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A surge in consumer inflation unsettled investors, leading to a turbulent week of trading on Wall
Street.
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Stocks closed mixed last week as signs of continued economic recovery and upbeat earnings helped
some sectors while the struggles persisted for high‐growth
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Stocks meandered around a flatline in a busy week of corporate earnings, ending the trading week
slightly lower.
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The crosscurrents of strong corporate earnings, rising global cases of COVID‐19, and the specter of higher capital gains taxes led to a choppy week of trading
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