Stocks waver on Wall Street; S&P 500 holds on to weekly gain

StocksNEW YORK (AP) — Stocks wavered between small gains and losses in choppy trading Wednesday, but most of the major indexes remained in the green for the week.

The S&P 500 rose 0.1%, the Dow Jones Industrial Average fell 0.2% and the Nasdaq rose 0.4%.

Retailers had some of the strongest gains after getting beaten down in recent days over concerns that soaring inflation was eating into their profits.

Some of those concerns dissipated after the high-end department store operator Nordstrom reported higher sales and raised its profit forecast.

The yield on the 10-year Treasury note, which helps set mortgage rates, held steady at 2.76%.

Categories: National News