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Stocks close slightly up after prior week's selloff

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U.S. stocks eked out a slight gain as investors engaged in some bargain hunting after last week's losses, which marked the biggest percentage declines of 2023

Last week, the Dow Industrials fell by the biggest weekly percentage since September, and the S&P 500 and Nasdaq each had their biggest weekly percentage fall since December as

and comments from U.S. Federal Reserve officials heightened expectations the central bank will become more aggressive in raising interest rates.of its interest-rate rises in March with a half-point hike. Morgan Stanley said it no longer sees a cut by the Fed this year and expects a slower pace of 25 basis points when the central bank does begin lowering rates.

Traders work on the trading floor at the New York Stock Exchange in New York City, U.S., January 27, 2023. REUTERS/Andrew Kelly Fed funds futures show traders are pricing in a third 25 bps hikes this year and see rates peaking at 5.4% by September." inflation would quickly fall back to target and was committed to keeping restrictive monetary policy in place for as long as needed.new orders for key U.S.-made capital goods increased more than expected in January while shipments of core goods rebounded, suggesting that business spending on equipment picked up.

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This benefits no one but the upper class, but keep pretending like we are not sliding into another economic downturn while Americans continue to struggle to overcome a pandemic.

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