The article discusses the recent rally in U.S. stock markets, driven by easing concerns over inflation and the Federal Reserve’s ability to control it without causing a recession. Key points include: 1) The S&P 500 rose 1.5% and the Nasdaq gained 2.6%, extending gains from the previous week. 2) Investors were encouraged by a report showing inflation slowed more than expected in October. 3) This raised hopes that the Fed could ease its aggressive rate hike campaign. 4) However, concerns remain that the Fed may have to stay aggressive to tame inflation, risking a recession. 5) Technology stocks led the gains, with Microsoft and Apple among the biggest winners. 6) The yield on the 10-year Treasury fell as investors moved money into bonds. 7) Analysts cautioned that more volatility likely lies ahead as the Fed navigates a path to lower inflation.
Source: https://apnews.com/article/stocks-markets-rates-inflation-3f4ccd479801d93e8472b831400c25fb