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The stock market’s new ‘wall of worry’ is built on inflation and rate fears

Columbia Pictures/Courtesy Everett Collection

Stock market find a new wall of worry to climb

The U.S. stock market on Friday posted one of its best weekly performances in years, recapturing half of the losses from the startling market correction earlier this month and discovering a new “wall of worry” to climb. The S&P 500 SPX, +0.04% closed nearly flat at 2,732. 22 on Friday and booked a 4.3% weekly gain, and is now only 5% below the all-time peak set in January. Dow industrials DJIA, +0.08% also halved its peak-to-trough losses, while both indexes are up about 2% year to date. The latest six-day advance was only briefly interrupted Friday by the indictment of 13 Russian citizens for allegedly interfering in the 2016 U.S. election. Investors will have a chance to reflect on the performance over a three-day weekend, with U.S. financial markets closed on Monday in observance of the Presidents Day holiday.
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