S&P 500 Lost -1.9% Friday; Latest U.S. Economic Data Are Strong

Published Friday, February 11, 2022 at: 9:31 PM EST

With more than 100,000 Russian troops poised to invade Ukraine, the Standard & Poor’s 500 stock index lost -1.9% of its value Friday, after troop movements of Russian forces reportedly made a war in Europe more likely to break out at any moment.  The economic news, however, remained positive overall despite the Ukraine conflict and inflation woes.  The consumer price index, an inflation metric, released yesterday, increased another six tenths of 1%. Inflation, over the last 12 months, increased to a 7.5%, the highest  annual rate in 40 years. While a 7.5% inflation rate in the 12 months through January is higher than...

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This article was written by a veteran financial journalist based on data compiled and analyzed by independent economist, Fritz Meyer. While these are sources we believe to be reliable, the information is not intended to be used as financial advice without consulting a professional about your personal situation.

Indices are unmanaged and not available for direct investment. Investments with higher return potential carry greater risk for loss. Past performance is not an indicator of your future results.

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