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International Business Times
International Business Times
Business
Panos Mourdoukoutas Ph.D.

Stock Rally Tamed By Stagflation Fears—What Is Next?

Inflation Semiconductor Taiwan Semiconductor US Federal Reserve United States
Representative Image (Credit: StockSnap/Pixabay)

The rally in U.S. stocks continued last week but was tamed by the return of stagflation fears, ahead of new data on inflation and retail sales.

The S&P 500 closed at 5,222.68, up 1.85% for the week; the Dow Jones was at 39,512.84, up 2.16%; and the tech-heavy Nasdaq was at 16,340.87, up 1.14%.

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