Worst Week in 2 Years for Stocks Ends on High Note: Markets Wrap
- Friday advance pares S&P 500’s weekly plunge to 5.2 percent
- Interest-rate jitters could return with U.S. inflation report
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U.S. equities ended their worst week in two years on a positive note, but rate-hike fears that pushed markets into a correction remain as investors await American inflation figures on Feb. 14.
The S&P 500 tumbled 5.2 percent in the week, its steepest slide since January 2016, jolting equity markets from an unprecedented stretch of calm. At one point, stocks fell 12 percent from the latest highs, before a furious rally Friday left the equity benchmark 1.5 percent higher on the day. Still, the selloff has wiped out gains for the year.