New York (CNN Business) On a wild day on Wall Street, stocks ended the day higher with a stunning turnaround just before the closing bell. Stocks began the day with a dramatic selloff. Each day last week, stocks fared worse in the final hour of trading, which tends to be a bad sign for the next day, said TD Ameritrade chief market strategist JJ Kinahan. The Fed could also conclude that inflation has run too hot at the end of 2021 and crank up rates more — or sooner. Treasury yields, which track interest rate expectations, were off last week's highs Monday but inched higher in the late afternoon.

Source: CNN January 24, 2022 21:10 UTC