Stocks rebounded from the previous week's declines, taking the S&P 500 and NASDAQ indexes to new highs, recording their best gains since April.

The Fed rattled markets with surprisingly hawkish comments after their June policy meeting last week, talking about earlier-than-expected rate hikes. Large caps held up better than small caps, and growth stocks outpaced value names thanks to sell-off in energy and financial names.

Falling treasury yields helped boost growth stocks last week, pushing the S&P 500 Index to a record closing high. While headline inflation rose 5% year-over-year in May, the fastest pace since 2008, with a 3.8% rise in core CPI (excluding food and energy), the Fed remained dismissive of the data attributing it to temporary factors that will soon abate.

Markets traded moderately higher during last week's shortened trading week. Energy shares performed the best within the S&P 500 as oil.

Stocks posted solid gains last week, revisiting previous high levels. Tech stocks and small caps were the strongest performers, and growth

Markets traded moderately higher during last week's shortened Stocks posted mixed returns last week, as the S&P 500 ended up modestly lower

The biggest worry for the market these days - inflation and the need for higher interest rates to curb it. Core inflation jumped

Markets were mixed last week, with "go away in May" sentiment prevailing and former technology, capital gain winners being

Stocks touched record highs last week as investors focused on corporate earnings season. A rise in oil prices also provided a boost to energy stocks.

It was an up and down week for the markets last week. Small caps outpaced large caps, and tech names broadly underperformed.