A person shops for groceries and household products in Alhambra, California, on April 12, 2022.
Frederic J. Brown | AFP | Getty Images
Stocks fell Thursday, capping off a second straight losing week. The S&P 500 dropped 2.1%, while the Nasdaq Composite was off by 2.6% and the Dow was down 0.8%.
Given the key market data this week pointing to higher inflation, the broader moves down in the major averages shouldn't come as a surprise. It may be too early to call a peak in inflation, but it is possible that the worst is behind us and we will be on the lookout for signs in subsequent reports.
