Stocks rebound as CPI lands in line; long-end yields hover near 5% while oil cools

After four down sessions, U.S. equities firmed into the close as August CPI matched expectations, easing the week’s rate jitters sparked by hotter PPI and a spike in crude.

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Market Recap Week Ended September 15

Personal Investor

September 18, 2023

Flat market The major U.S. stock indexes were little changed for the week, trading in a fairly narrow range. That’s in keeping with the market’s mostly flat profile over the summer; the gap between the S&P 500’s peak and low points since late June has been less than 5%. Source: https://www.jhinvestments.com/weekly-market-recap#market-moving-news