Wall Street ignores rising inflation, falling consumer confidence - thestreet.com
Why it matters: The S&P 500’s 1.3% weekly gain lifts equity exposure for roughly 6.5 million retirement accounts.
- S&P 500 fell modestly Friday but logged a 1.3% weekly rise, the strongest since November (thestreet.com)
- Wall Street investors ignored higher inflation and weaker consumer confidence, keeping equities buoyant (thestreet.com)
- Iran ceasefire deal provided a short‑term boost to risk assets, helping the S&P 500 post its best week (thestreet.com)
- Strait of Hormuz blockage kept Dow and Nasdaq futures flat, underscoring geopolitical risk (CNBC)
- Consumer confidence slipped to a new low, signaling reduced spending power (thestreet.com)
Wall Street pushed ahead despite data showing rising inflation and slipping consumer confidence, with the S&P 500 slipping Friday but still posting its best weekly gain since November after a fragile Iran ceasefire. Futures on the Dow and Nasdaq stalled as the Strait of Hormuz remained blocked, adding geopolitical tension.
