Stocks inch up as Apple halts slide, Fed officials hint at rate respite: Stock market news today

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Stocks stepped higher on Friday, with the Nasdaq edging up as Apple's shares recovered from a two-day slump.

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The Biden administration said Friday it will invest more money in aviation safety and consider requiring planes to be equipped with technology designed to prevent close calls around airports. The moves come after a string of close calls at airports around the country. Federal investigators have begun looking into seven such incidents since January, and those are only the most serious ones.

 

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Marketmind: Fed steals focus, stocks sell offThe dominating theme in global financial markets is once again central bank policy, and equity investors in particular are worried. U.S. data is showing a flare-up in inflationary pressures, just as markets had become comfortable with the idea of a Goldilocks scenario replete with soft landings and less hot labour markets. Markets in China and Australia took another steep step down.
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