Stocks waver on Wall Street as inflation concerns persist

StocksNEW YORK (AP) — Stocks edged higher in afternoon trading Wall Street Tuesday but markets remain shaky as rising interest rates and pressure from inflation spark concerns about economic growth.

The S&P 500, the Dow Jones Industrial Average and the Nasdaq each rose 0.3%.

Technology stocks did much of the heavy lifting to support the broader market.

Retailers suffered some of the biggest drops. Target fell after it said it was cancelling orders and slashing prices to clear out inventory, moves that will hurt its profits.

Jam maker J.M. Smucker jumped on solid quarterly earnings.

Treasury yields eased slightly.

Categories: National News