The stock market has seen some tumbles this year after an unexpected October slowdown, high inflation, and the Federal Reserve's economy-crunching response to it.
Wall Street trading closed lower than expected by the end of the week after a report showed inflation is slowing. It wasn't slowing as much as investors had hoped.
The weakness in the market came after the U.S. government released a report showing how prices at the wholesale level were 7.4% higher in November than a year earlier.High inflation, along with the Federal Reserve's economy-crunching response to it, have been the main reasons for the stock market's painful tumble this year.
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