In this week’s recap: Powell comments spur sell-off on Wall Street.

In this week’s recap: Markets tap brakes, but hold fast against downbeat news.

In this week’s recap: Stocks have a warmer week as inflation cools

In this week’s recap: Mixed week for markets; jobs on the rise.

In this week’s recap: Markets rally; earnings better than expected.

In this week’s recap: Markets react to dim forecast, 2Q reports.

In this week’s recap: Friday rally stems week of losses.

In this week’s recap: Pre-holiday markets see no rebound.

Stocks were under pressure all week due to inflation worries, higher yields, and rising recession concerns. In advance of the much-awaited mid-week meeting of the Federal Open Market Committee (FOMC), bond yields jumped, and stocks retreated on speculation that the Fed might raise rates by 75 basis points. When the Fed announced a 75 basis point hike on Wednesday, stocks rebounded strongly.

Stocks posted solid gains for the week, buoyed by the release of Fed meeting minutes and upbeat earnings from mid-size and discount retailers.