Cetera Weekly Recap
Nasdaq Stocks Lead 2022 Pullback
Equities Retreat Second Week All three major U.S. equity indices extended early 2022 losses as investors continue to fret over when and how fast the Federal Reserve will raise interest rates to tame inflation. The S&P 500 and Dow Industrials both fell fractionally a second week, while the Nasdaq Composite was down a third straight week. Investors’ angst was also stirred by a pullback in retail sales and less-than-ideal fourth quarter earnings in mega cap banks.
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