Federal Reserve Board Chairman Jerome Powell speaks during a news conference on May 1, 2019, in Washington.
Mark Wilson | Getty
It was a whiplash week for stocks.
Investors were under pressure earlier in the week, worried that higher wage pressure seen in the November jobs report to combat inflation could prompt the Federal Reserve to raise interest rates higher than expected next year. Wall Street closed lower on Friday after a brief midweek reprieve. The Dow Jones Industrial Average had his worst week since September.