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

Club Week In Review Новости

Inflation data commands center stage next week and provides a test for the market rally
Jim Cramer,Investment Strategy,Markets

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

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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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