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.
Bouncing back The major U.S. stock indexes climbed around 2% to 3%, regaining ground they had lost the previous week and then some, with the S&P 500 and the NASDAQ reaching their highest levels in 15 months. The NASDAQ’s gain of more than 3% was its best weekly result in four months.
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Many corners of the market have shown resilience despite persistent inflation and slowing economic growth in 2023. U.S. equities, international equities, and a variety of bonds have seen positive returns so far this year.
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