Business
What’s Driving This Week’s Market Swings? It Could Be Inflation.
A tug-of-war on inflation expectations could be driving the stock market’s big swings this week.
That’s the argument proposed by Macquarie strategists Thierry Wizman and Gareth Berry. In the absence of obvious catalysts to explain some big moves in the market, inflation is certainly a plausible suspect.
The S&P 500 was up 0.7%, while the Nasdaq Composite was up 0.9%. The Dow rose 400 points, or 0.8%.
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