US stocks posted their first weekly decline since early October on stubbornly high inflation readings. The S&P 500 fell 0.3% and the Dow was dropped 0.6% for the week. Abroad, the FTSE All World Ex US rose 0.3% for the week. The yield on the 10-year Treasury climbed over the week to finish at 1.58% up from 1.45%.
US CPI rose 0.9% in October from September and is now up 6.2% over the past twelve months, its highest level since 1990.
Of companies that have reported earnings to date 81% have topped analysts’ earnings estimates.
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