U.S. Stocks Rise, But Weekly Losses Remain
Tech Shares Boost S&P 500
- U.S. stocks moved higher Friday, but major indexes were still on pace for a losing week.
- Tech shares advanced, helping the S&P 500 into positive territory after three consecutive days of declines.
- Apple shares rose, trimming their losses for the week.
U.S. Economic Strength Impacts Dollar Index
- Signs of U.S. economic strength have propelled the WSJ Dollar Index up more than 2% over the past month.
- It slipped Friday after comments by Federal Reserve officials added to expectations that the central bank will keep interest rates on hold this month.
Stocks Rise Despite Recent Declines
- Major indexes pared their weekly losses.
- They fell in recent days after strong economic data fanned inflation fears.
Apple Shares Rebound
- Apple shares turned higher.
- The stock was recently up about 1%.
- It had dropped more than 6% this week through Thursday on concerns about Apple’s business in China.
Kroger’s Shares Rise
- Kroger announced a settlement associated with opioid-related claims, as well as divestiture plans associated with its planned merger with Albertson’s.
Bond Yields Slip Slightly
- Ten-year Treasury yields were around 4.254%, after settling at 4.260% Thursday.
Natural-Gas Prices Rise
- Workers at two major natural-gas plants run by Chevron in Australia began industrial action.
- The gas-price jump was most pronounced in Europe.
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