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Stocks are holding relatively steady at the tail end of a wild, whipsaw week for Wall Street

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U.S. stocks are holding relatively steady at the tail end of a wild, whipsaw week for Wall Street. The S&P 500 edged up 0.1 per cent in early trading Friday, coming off its best day since 2022.

An entrance to the New York Stock Exchange is shown on May 8, 2024, in New York. U.S. stocks are holding relatively steady at the tail end of a wild, whipsaw week for Wall Street. The S&P 500 edged up 0.1 per cent in early trading Friday, coming off its best day since 2022. After yo-yoing through several sharp swings, it’s on track to close a fourth straight losing week. That would be its longest such streak in almost a year.

In Tokyo, the Nikkei 225 index closed 0.6 per cent higher at 35,025.00. The yen erased earlier losses in morning trading and extended its fourth consecutive day of gains against the dollar, with Japanese equities then losing momentum as it often falls when the yen rises.China’s inflation came in higher than expected in July, with the consumer price index rising 0.5 per cent compared to the same period a year earlier.

Elsewhere, Taiwan’s Taiex picked up 2.9 per cent, with chip maker Taiwan Semiconductor Manufacturing Co. gaining 4.2 per cent, tracking Big Tech stocks' rally on Wall Street. The SET in Bangkok was up 0.2 per cent. So far, the S&P 500 is still down nearly 10 per cent from its all-time high set last month. Such drops are regular occurrences on Wall Street, and “corrections” of 10 per cent happen roughly every year or two. After Thursday's jump, the index is within about six per cent of its record.

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Toronto is in for some wet weather Friday with as much as 30 millimetres of rain expected to fall in the city today.Halton police are appealing for information after a woman was sexually assaulted while walking on a trail in Milton last weekend.He's being remembered as a big personality – a young man who walked to the beat of his own drum, who loved deeply and who loved being a firefighter.

 

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