The driver of the price action this week was the same it has been all year — inflation.
It was another wild week of trading on Wall Street. Stocks fell on Friday, with all three major averages giving back gains from Thursday's sharp rally. The Nasdaq and the S & P 500 ended the week lower, while the Dow Jones Industrial Average managed to inch higher. The driver of the price action was the same it has been all year — inflation — as both the producer and consumer price numbers for September came in hotter than expected this week.
Traders work during the opening bell at the New York Stock Exchange on August 16, 2022 at Wall Street in New York City.It was another wild week of trading on Wall Street. Stocks fell on Friday, with all three major averages giving back gains from Thursday's sharp rally. The Nasdaq and the S&P 500 ended the week lower, while the Dow Jones Industrial Average managed to inch higher.
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