Stock Market Today: Stocks Stick the Landing in Successful Short Week
The major indexes finished the holiday-shortened week with a flourish as a recent relief rally chalked up sizable gains across the four-day period.
Federal Reserve Bank of St. Louis President James Bullard said Friday that "it is a little early to have this debate about recession probabilities in the U.S." Meanwhile, he continued to pound the table for continued aggressive interest-rate increases – remember, the Fed is just more than a week removed from its rate hike since 1994 – to repel rapidly rising consumer prices.
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