United States Federal Reserve Chairman Jerome Powell speaks throughout a press conference in Washington, DC, on May 4, 2022.
Jim Watson|AFP|Getty Images
It was another exceptionally unstable week for stocks. Inflation readings can be found in hotter than anticipated on Wednesday, magnifying financier worries over the Federal Reserve’s efforts to suppress rates by raising rates of interest. Regardless of a recuperate in stocks Friday, all significant averages still completed lower today. The Dow fell more than 2% and notched its seventh straight week of losses. The tech-heavy Nasdaq dropped 2.8% on the week, while the S&P 500 moved 2.4%.