Market Surges Late

Inspiration meets innovation at Brandweek, the ultimate marketing experience. Join industry luminaries, rising talent and strategic experts in Phoenix, Arizona this September 23–26 to assess challenges, develop solutions and create new pathways for growth. Register early to save.

Stocks rebounded Friday as the government said wholesale prices in December posted their steepest decline since April 2003, a statistic that took Wall Street by surprise and helped discourage investor concerns abut inflation. Still, the positive news came on the heels of a lackluster trading week in which investors grappled with a new hike in oil prices, data documenting a record U.S. deficit in November and losses reported by blue chips like Alcoa, General Motors and Verizon.

AW+

WORK SMARTER - LEARN, GROW AND BE INSPIRED.

Subscribe today!

To Read the Full Story Become an Adweek+ Subscriber

View Subscription Options

Already a member? Sign in