Markets rally in another topsy-turvy day on Wall Street
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Summary
Markets also whipsawed on Monday, with the Dow dropping more than 1,100 points before recovering to close in positive territory and the S&P 500 and Nasdaq also swinging wildly from heavy losses earlier in the session to modest gains by the close.Market volatility has flared this month as investors weigh how aggressively the Federal Reserve, which is holding a policy meeting this week, may raise interest rates to combat rising inflation. In 2021, core inflation as measured by the Consumer Price Index rose 5.5% from the previous year.The surge in Omicron variant cases may further fuel inflation and add to supply chain woes, crimping economic growth and corporate earnings, Goldman Sachs analysts warned in a recent research note, adding that wages may also rise faster than expected.The upshot is that the Fed "is likely to be looking at a hot inflation dashboard at its next few meetings," the analysts said.
As said here by Aimee Aimee