Stocks struggled last week, buffeted by growing fears of further Fed tightening and disappointing forecasts from two major retailers that called into question the consumer's health.
Growing concerns about further interest rate hikes, prompted by fresh economic data, reversed early-week gains and left stocks mixed for the week.
Week In Perspective: Mixed Feelings and Mixed Earnings [13-Feb-23]
Stocks rallied in January as moderating inflation, a better-than-feared earnings season, and healthy economic data put investors in a buying mood.
Stocks were mixed last week following better-than-expected corporate reports and increasing optimism over a slowdown in interest rates.
Stocks added to their early 2023 gains amid a busy stream of mixed corporate earnings results and conflicting economic data.
Stocks showed mixed results last week as recession fears resurfaced in response to weak economic data and a tepid start to a new corporate earnings season.
Stocks ended a volatile fourth quarter with a slight gain, which helped repair some of the damage since the beginning of the year.
Stocks rallied last week thanks to fresh confirmation of inflation’s cooling trend and growing optimism that an inflation slowdown may provide the Fed with space to ease up on future rate hikes.
A strong Friday rally triggered by fresh signs of moderating inflation pushed stocks into positive territory to begin the new year.
In a holiday-shortened week, erratic trading left stocks marginally down for the week.