Inflation data commands center stage next week and provides a test for the market rally

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Club Week In Review News

Jim Cramer,Investment Strategy,Markets

The consumer price index report Wednesday is the most important event on Wall Street next week.

All three major U.S. stock indexes closed higher for the week, led by the Dow Jones Industrial Average . The blue-chip gauge rose 2.16% and extended its winning streak to eight sessions. The Nasdaq Composite added 1.14% while the S & P 500 advanced 1.85% in a relatively quiet week of economic updates. All 11 sectors in the S & P 500 closed higher, with utilities leading the way, up 4.03%. Financials and materials captured the second and third spots, rising 3.07% and 2.58%, respectively.

A person shops at a Whole Foods grocery store in the Manhattan borough of New York City on March 10, 2022.

 

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