U. S. stocks ended their 7-week losing streak with a sizzling rally. The Fed’s preferred inflation measure suggested that inflationary pressures had peaked.
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Sam Subramanian PhD, MBA, Editor, AlphaProfit MoneyMatters
The three major U.S. stock benchmarks fell last week. The DJIA’s eighth straight weekly loss marked its longest losing streak since April 1932.
The S&P 500 rose 2.4% last Friday as investors sought bargains amid signs of inflation peaking. Yet, the benchmark suffered its sixth straight weekly loss.
The S&P 500 fell for the fifth straight week after making massive gains on Wednesday due to rising concerns over the Fed’s interest rate policy.
This post features the best ETFs, Select Sector SPDRs, Fidelity funds, and S&P 500 stocks of April 2022, along with what to look forward to in May 2022.
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