US stocks rose on Friday, but major indexes were still on pace for a losing week.
Technology stocks advanced, helping the S&P 500 surge into positive territory after three straight days of declines. Apple shares rose, trimming their losses this week.
Signs of US economic strength pushed the Wall Street Journal Dollar Index up more than 2% over the past month. It fell on Friday after comments from Federal Reserve officials added to expectations that the central bank will keep interest rates unchanged this month.
Stocks rose. Major indices trimmed their weekly losses. They fell in recent days after strong economic data raised inflation fears.
Apple shares turned higher. The stock recently rose by about 1.3%. It had fallen more than 6% this week through Thursday due to concerns about Apple’s business in China.
Kroger shares rose. The grocer announced a settlement tied to opioid-related claims, as well as divestiture plans tied to a planned merger with Albertsons.
Bond yields fell. Ten-year Treasury bond yields were about 4.238%, after settling at 4.260% on Thursday.
Natural gas prices rose. Workers at two major natural gas plants operated by Chevron in Australia have begun industrial action. The jump in gas prices was most pronounced in Europe.
Get smarter about the markets with our free services morning And evening Newsletters, delivered every day of the week.
“Infuriatingly humble alcohol fanatic. Unapologetic beer practitioner. Analyst.”