Stock Market Today: S&P 500 Hits New Record After Release of U.S. Inflation Data – Barron’s
December 12, 2021 No Comments
The S&P 500 finished at a new closing record on Friday, after U.S. consumer prices rose even more than expected in November. Markets have already been reflecting the chances of several Federal Reserve interest rate hikes in 2022.
The Dow Jones Industrial Average gained 216 points, or 0.6%, with the S&P 500 rising 1% and ending the day at 4,712 points. The Nasdaq Composite advanced 0.7%.
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