: Dow up 107 points in final hour, Nasdaq on pace for back-to-back weekly loss


U.S. stocks were mostly higher in the final hour of trade Friday, with the S&P 500 trading roughly flat. The Dow Jones Industrial Average DJIA, +0.30% was up about 108 points, or 0.3%, near 35,282, nearing for a weekly gain of about 0.6%, according to FactSet data. The S&P 500 was flat near 4,470, heading for a 0.3% weekly loss, while the Nasdaq Composite Index COMP, -0.60% was down 0.6% and looking at a 1.8% weekly loss, which would be its first back-to-back weekly drops this year. Investors have been focused on new inflation data out this week and the likelihood of price pressures picking back up later this year. That feeds into the ongoing conversation about if the Federal Reserve has finished its rate hiking campaign in this cycle, or if it might need to fire off a few more increases.

This article was originally published by Marketwatch.com. Read the original article here.

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