The late-afternoon comeback pulled the S&P 500 out of so-called correction territory — a drop of 10% or more from its recent high. The S&P 500 ended 0.3% higher after having been down about 4%. The tech-heavy Nasdaq index rose 0.6% after recovering from a nearly 5% descent. Nudging rates higher is intended to help slow economic growth and the rate of inflation. AdvertisementThe S&P 500 rose 12.19 points to 4,410.13.

Source: Huffington Post January 25, 2022 04:16 UTC