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A comprehensive sell-off on Friday following comments by Fed Chair Jerome Powell drove stocks to losses for the week.

Stocks tumbled on Friday, sending stocks to a weekly loss after an otherwise quiet August week of trading.

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Ahead of Friday’s employment report, stocks were generally higher, highlighted by a Wednesday rally triggered by fresh earnings surprises and a better-than-expected economic report.

Undaunted by another Fed rate hike and news of a contracting economy, the stock market rallied last week on better-than-expected corporate earnings.

Stocks rallied last week as investor spirits lifted thanks to a better-than-expected start to the second-quarter earnings season.

As the week opened, recession fears intensified with reports of renewed Covid-related lockdowns in China. Also, the U.S. dollar continued to climb, reflecting global economic weakness.

In a holiday-shortened trading week, stocks rallied despite mixed economic data and vacillating energy prices and bond yields.

Though the weekly gain was a welcome respite from the market’s downward trend, declining bond yields and falling food and energy prices can also be interpreted as signs of slowing economic growth, which may represent a headwind for corporat

Stocks moved lower last week as recession fears deepened following a Fed hike in interest rates and weak economic data.

A higher-than-expected inflation report triggered a sell-off on Friday, leaving stocks in the red for the week.

60% of Americans said that inflation had adversely impacted their personal finances with 21% taking the step to reduce their retirement savings.  So where is the good news?

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.

Inflation moved to center stage last week with the release of April’s Consumer Price Index (CPI) and the Producer Price Index.

The May 2022 FOMC meeting resulted in an increase of 50 basis points in the federal funds rate, the largest rate increase since 2000.

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