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[Markets]
US STOCKS-Wall Street whipsaws, S&P closes lower on worries of prolonged inflation
U.S. stocks ended a whipsaw session slightly lower on Thursday, as investors juggled signs of peaking inflation with fears that it could remain elevated, prompting ever more aggressive tightening from the Federal Reserve. All three major U.S. stock indexes seesawed and the S&P 500 came within striking distance of confirming it entered a bear market after swooning from its all-time high reached on Jan. 3.
Published:5/12/2022 3:53:56 PM
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