Stocks Record Best Stretch of the Year, as Inflation Eases - The New York Times

Stocks Record Best Stretch of the Year, as Inflation Eases - The New York Times

Stocks Record Best Stretch of the Year, as Inflation Eases - The New York Times
Aug 12, 2022 1 min, 22 secs

Positive economic signs have sent the S&P 500 higher for four consecutive weeks, but some investors worry about how long the rally can last.

The stock market has notched the year’s best stretch of gains, as investors take comfort from early signals that inflation is slowing and the economy is holding up.

The index is now more than 16 percent higher than its low point in June, though it remains 10 percent lower for the year?

In the past month, investors have welcomed data that showed cooling inflation, a robust labor market and resilient company earnings.

Can inflation affect the stock market.

The latest Consumer Price Index report, released on Wednesday, offered a moment of relief for Wall Street, as inflation slowed to 8.5 percent over the year through July, down from a 9.1 percent pace in the previous month.

What’s more, data showing that in July the economy regained all the jobs lost in the pandemic, along with weeks of better-than-expected earnings reports from companies, have assuaged some concern among investors that higher rates, which increase costs for companies, could cut more deeply into corporate America.

Investors had scaled back their bets on the market because of uncertainty.

As a result, even small amounts of buying interest have helped to lift the market, with momentum building as other investors chased returns.

Then the index rose almost 24 percent in a matter of weeks.

Masserio said the Fed’s task of lowering inflation back to its target of 2 percent was akin to turning an oil tanker around: slow and fraught with risk

Stocks are higher because the inflation outlook has improved and the economic backdrop remains supportive

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