Ken

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.

A record-high inflation report, the prospects of a more aggressive Fed, and growing recession fears sent stocks lower– though losses were pared by a Friday rally.

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

Prospects of cooling inflation powered a rally in stock prices last week despite growing recession concerns.

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.