Stock market faces next test as inflation eases in earnings season

Investors are expected to worry hot inflation And as consumers scrambled to dominate the corporate-earnings season that began this week, there are winners and losers in the battered stock market.

Stocks have come under pressure this year as inflation hits a four-decade high and the Federal Reserve is in the midst of an aggressive interest rate hike campaign To put a stop to this. Even after rallying 3% to begin July, the S&P 500 is down 18% in 2022.