<p>The CPI of stopping for the first time after 12 consecutive declines, and the better-than-expected PPI, intensified the market's concerns about inflation stickiness, eliminated the market's dovish reaction after last week's non-farm payrolls data, pushed up the yield of US Treasury bonds, and caused the decline of large growth stocks sensitive to interest rates. On Friday, the S &amp; P 500 index closed down 0.11 per cent at 4464.05, the Nasdaq closed down 0.56 per cent at 13644.85 and the Dow Jones Industrial Average closed up 0.3 per cent at 35281.4. This week, the S &amp; P 500 and the Nasdaq fell 0.3 percent and 1.9 percent, respectively, both for the second straight week of declines.!  The biggest &#34;theme&#34; this week seems to be the escalation of the difficulty of the final stage of anti-inflation. Wall Street News Mentioned, After 12 months of consecutive declines, U.S. CPI year-on-year growth rebounded for the first time. In July, PPI year-on-year growth accelerated to 0.8 percent, and the market's concerns about inflation stickiness intensified, which pushed up the market's expectations of a Fed rate hike.!  !  This year, Betz of investment firm Ameriprise said:&gt; &#34;Time will tell whether we are correct, but given the rally in technology stocks, it is difficult not to make some profit-taking.&#34;</p>

<p>Market concerns about inflation stickiness have alleviated the dovish market reaction following last week's non-farm payroll data, pushing up US Treasury yields and leading to a decline in interest rate-sensitive large-cap growth stocks.</p>

The wind direction has changed again? Inflation concerns are gaining the upper hand, and US stocks have fallen for two consecutive weeks!