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Stocks Soared on Friday on Inflation Reports but Ended the Week Lower on Rising Bond Yields

Stocks Soared on Friday on Inflation Reports but Ended the Week Lower on Rising Bond Yields
Traders work on the New York Stock Exchange floor in New York City on Dec. 18, 2024. Spencer Platt/Getty Images
Panos Mourdoukoutas
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U.S. stocks soared on Friday on better-than-expected inflation numbers but ended the week lower on rising bond yields.

The S&P 500 ended Dec. 20 at 5,930, down 1.99 percent for the week; the Dow Jones was down by 2.25 percent; the Nasdaq down 1.78 percent; and the small-cap Russell 2000 lost 4.45 percent to end at 2,242.

Panos Mourdoukoutas
Panos Mourdoukoutas
Author
Panos Mourdoukoutas is a professor of economics at Long Island University in New York City. He also teaches security analysis at Columbia University. He’s been published in professional journals and magazines, including Forbes, Investopedia, Barron's, IBT, and Journal of Financial Research. He’s also the author of many books, including “Business Strategy in a Semiglobal Economy” and “China's Challenge.”