Inflation Is Soaring — and These 2 Stocks Are Still Rising
The stock market finished the week on a record note, bouncing back from big losses the previous week. The S&P 500 (SNPINDEX: ^GSPC) closed at an all-time high, and similarly sized gains of 0.5% to 1% for the Dow Jones Industrial Average (DJINDICES: ^DJI) and Nasdaq Composite (NASDAQINDEX: ^IXIC) showed a level of confidence that’s noteworthy amid plenty of macroeconomic uncertainty. Investors might have thought that the stock market would do poorly after Friday morning’s announcement from the Bureau of Labor Statistics (BLS) that consumer inflation levels had reached multi-decade highs. Below, we’ll talk more about those companies, but first, let’s look at exactly how bad the inflation numbers were.
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