May 2022 | Innovative Investments

Weekly Market Insights: Confidence in Fed Helps Spark Market Rally

Stocks posted solid gains for the week, buoyed by the release of Fed meeting minutes and upbeat earnings from mid-size and discount retailers.

Recession fears grew last week following weak earnings reports from major retailers, sending stocks lower.

Posted on May 16, 2022 by shayan

In a volatile trading week, stocks extended their losses as economic growth and inflation concerns soured investor sentiment.

On Friday, a sharp sell-off sent major stock market indices into negative territory for the week, capping a volatile close to April.