The stock market experienced significant volatility last year as geopolitical concerns, soaring inflation, and interest rate hikes weighed on investor sentiment. Although the stock market might remain under pressure this year, fundamentally sound stock Nokia Oyj (NOK), Weis Markets, Inc. (WMK), and Powell Industries, Inc. (POWL), which are expected to soar higher, could be ideal buy-and-hold options 2023.
According to the Labor Department, the consumer price index gained 0.4% for the month, with an annual inflation rate of 6%, in line with Dow Jones predictions.
