US stocks close near the lows, give up nearly all of yesterday’s gains Right back to pre-CPI levels

SPX weekly

t was an ugly day for stocks but if you told me before the CPI data that it would be hot and that stocks would trade flat on Thursday-Friday, I’d say that’s constructive. It sure doesn’t feel that way though.

  • S&P 500 down 86 points to 3583 or 2.4%
  • Nasdaq Comp -3.1%
  • Russell 2000 -2.6%
  • DJIA -1.3%

On the week:

  • S&P 500 -1.25%
  • Nasdaq Comp -2.8%
  • Russell 2000 -1.1%
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