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Stocks waver on Wall Street, still on track for weekly gains

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Stocks wavered in uncertain trading on Wall Street Friday, but major indexes are on track to notch weekly gains.

The S&P 500 rose 0.1% as of 10:12 a.m. Eastern. The Dow Jones Industrial Average rose 155 points, or 0.5%, to 34,351 and the Nasdaq fell 0.3%.

Investors face a relatively quiet day, though concerns about inflation, high interest rates and a potential recession still hover over Wall Street. Minutes from the Fed's latest policy meeting, released on Wednesday, show that officials agreed that smaller rate hikes would likely be appropriate "soon." That was welcomed by investors who are worried that the aggressive rate hikes could eventually slow the already weak economy by too much.

 

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