Stock market today: Wall Street holds steady after Fed's Powell says job not done on inflation

The Dow was up 101 points and the Nasdaq composite was up 0.7%.

For now, weaker-than-expected reports on the economy may be more welcome in financial markets. The economy has managed to avoid a long-predicted recession, but the fear is that it's so solid that it will keep upward pressure on inflation. In Europe at midday, France's CAC 40 rose 0.7%, Germany's DAX added 0.5% and Britain's FTSE 100 gained 0.2%.Japan's benchmark Nikkei 225 dropped 2.1% to finish at 31,624.28. Australia's S&P/ASX 200 dipped 0.9% to 7,115.20. South Korea's Kospi lost 0.7% to 2,519.14. Hong Kong's Hang Seng slipped 1.4% to 17,956.38, while the Shanghai Composite shed 0.6% to 3,064.07.

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Stock market today: Wall Street is higher ahead of speech by Fed’s PowellNEW YORK (AP) — Stocks are rising in early trading, but investors will be closely watching a speech by the Federal Reserve Friday morning. The S&P 500 was 0.4% in the early going, coming off its worst loss in three weeks.
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