U.S. stocks jump Friday, but are still down for the week
MarketWatch
5/14/2021
Video: Rebound in broader market shows higher rates and inflation: Strategist (CNBC)
Rebound in broader market shows higher rates and inflation: Strategist
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U.S. stocks closed higher Friday as investors took a weaker-than-expected reading of April retail sales in stride, shaking off a tumultuous week that has been marked by growing inflation fears.
But the sharp gains weren’t weren’t large enough to reverse weekly losses for the major stock benchmarks, after reports on inflation, labor shortages and higher commodity prices raised concerns that the Federal Reserve would have to pull back on its easy-money policies sooner than expected.