Week in review, next week for Nov 11: Inflation, rally

People walk outside the New York Stock Exchange on July 25, 2022 in New York City.

Spencer Platt | Getty Images

The market closed higher for the week after Thursday’s stellar rally that saw Big Tech stocks rise on the back consumer price index is weaker than expected (CPI) data for October. The S&P 500 closed up more than 5% for the week, its best week since June. Bond yields and the US dollar fell, while investors hoped the CPI news could slow the Federal Reserve’s pace of interest rate hikes next month.

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