US stocks fell for a second week on weak economic news and a poor start to earnings season. The S&P 500 dipped 0.3% and the Dow fell 0.9% for the week. Abroad, the FTSE All World Ex US gained 1.1% for the week. The yield on the 10-year Treasury yield was relatively flat over the week edging up to 1.77%.
Analysts project that 4th quarter earnings rose 22% from a year earlier.
US inflation rose at its quickest pace in nearly 40 years with prices rising 7% in 2021.
Producer prices cooled a bit to end 2021 as December prices rose 0.2% from November, the slowest growth since November 2020. However, prices are up 9.7% from a year ago.
Retail spending fell 1.9% in December.
Manufacturing output fell 0.3% in December.