Wall Street Week

The S&P 500 is down 9% since mid-August, partially reversing a summer rebound after Federal Reserve Chair warned the central bank's single-minded fight against inflation could lead to economic pain

Worst week in Wall Street since March, major averages pulled back considerably in the week as investors worried that soaring Covid-19 infections could slow down economic recovery

Data on Friday showed the US economic growth slowdown in the fourth quarter was not as sharp as previously estimated