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The stock market had a wild week last week, with the SandP 500 index swinging up and down by more than 2% on several occasions. The volatility was driven by a number of factors, including rising inflation, concerns about a potential recession, and the ongoing war in Ukraine.
Despite the volatility, the market ended the week with a small gain. However, investors remain cautious about the outlook for the market in the months ahead.
Here are some of the key news stories from last week:
* The Federal Reserve raised interest rates by 0.50%, the largest increase since 2000.
* The U.S. economy added 428,000 jobs in April, beating expectations.
* Inflation rose to 8.3% in April, the highest level in 40 years.
* The war in Ukraine continued to escalate, with Russia launching a new offensive in the east of the country.
Investors will be closely watching the market in the coming weeks for signs of how it is responding to the rising interest rates and the ongoing uncertainty in the global economy.