This was a busy week for markets. Catch up with our top stories this weekend:
A day after Russia began its invasion of Ukraine on Feb. 24, the Moscow Exchange closed for stock trading. It has yet to reopen.
Inflation gets worse The consumer price index was up 7.9% in February from a year earlier — slightly worse than in January. This is a new 40-year record for U.S. inflation and there are signs it might head higher, Jeffry Bartash reports. Consumer sentiment has fallen more than economists had expected.For investors looking ahead to the day when inflation slows, Mark Hulbert has some advice on what to own.
Pain at the pump — some alternatives Oil prices are way up this year, but this week’s volatility showed that “anything could happen.” Meanwhile, gasoline prices have risen so much that people may be forced to change their driving habits and travel plans. The stock market during a perilous time The benchmark S&P 500 index SPX, -1.30% was down 11% for 2022 through March 10. Mark Hulbert points to investors’ sentiment as a sign the action may soon turn positive.
Meme-stock flavor of the week: Bed Bath & Beyond After The Wall Street Journal reported on March 6 that Ryan Cohen, the founder of Chewy and chairman of GameStop GME, -7.83%, had purchased a large stake in Bed Bath & Beyond BBBY, -4.63%, shares of the retailer soared 29.5% through March 10.
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