Stock prices again finished mostly up on the week, despite some intra-week volatility and a Friday retreat.
Investor enthusiasm was provided by the Fed’s small rate increase, as expected, and more importantly, their comments that some emerging signs of disinflation are beginning to appear and that taming inflation may not require significant economic decline or significant increase in unemployment.
Friday’s pullback resulted from good employment numbers and some disappointing earnings reports that both caused some investors to doubt the Fed’s effectiveness and expect more rate increases.
Most of our stocks participated in the upward price bias, increasing gains or at least reducing losses. Good to see the return of numerous green highlights in the stock list below. With very few stocks reversing price direction, very few trades this weekend.
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