Schwab Market Update
Schwab’s take on the markets offers an information-packed summary of each trading day's key results and statistics for investors.
U.S. equities revved higher into the close to finish mixed in the final session of a volatile week that saw some key retail sector earnings reports exacerbate inflation worries.
U.S. equities finished in the red, but off the lows of the day, amid a choppy session after yesterday's sharp drop amid concerns about inflation pressures weighing on corporate profit margins.
After looking as if U.S. equities may get a reprieve from the recent selloff, the markets turned lower midday to finish in the red in volatile trading in the wake of another hotter-than-expected consumer price inflation report.