US stocks rose on Friday morning, but major indexes are still on pace for a losing week.
A decline in tech heavyweights Apple and Nvidia has dragged the market lower in recent sessions. Apple shares have risen recently, while Nvidia shares have fallen.
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. The Nasdaq index rose by about 0.6%.
Apple shares turned higher. The stock recently rose by about 1%. It had fallen more than 6% this week through Thursday due to concerns about Apple’s business in China.
Bond yields fell. Ten-year Treasury yields were about 4.225%, 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.
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