Wall Street opens gingerly higher at end of a brutal week
Stocks are opening gingerly higher on Wall Street Friday at the end of a brutal week. Stocks suffered several massive drops this week as markets get accustomed to the bitter medicine of higher interest rates that the Federal Reserve and other central banks are using in their battle against inflation. Higher rates fight inflation but they also slow down the economy and can push prices lower for stocks and bonds. The S&P 500 rose 0.8% in the early going, but it's still down more than 5% for the week. Читать дальше...