U.S. stocks edge higher as S&P 500 attempts to snap 3-day losing streak

U.S. stocks traded slightly higher early Friday, after a downbeat, holiday-shortened week which has been plagued by worries over rising yields and oil prices.

New York Fed President John Williams on Thursday sounded content with the current level of interest rates, but said he would be watching data closely to make sure the level of rates is high enough to keep inflation moving down. Chicago Fed President Austan Goolsbee suggested the Fed is almost done raising interest rates to quell inflation.

But the stock market weakness that began in August comes after a strong run for equities and is in line with seasonal patterns.

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