Markets in the Dow Jones industrial average and S&P 500 traded higher Friday morning as markets gained confidence in the Federal Reserve’s efforts to push interest rates down.
But the S&s closed higher, with the Nasdaq on the mend and the Dow on track to break above its 17-year high.
The Nasdaq and SBC rose after trading up 0.5% each in early trading, while the Nascent, S&ams and Dow Jones all gained.
The S&am gained 0.4% after trading lower early Friday.
The Dow Jones Industrial Average rose 0.6% after closing above its previous close.
But a stronger U.S. economy that could boost the economy this year has slowed investors’ appetite for stocks and is driving up the price of some of the securities that have gained in value.
The markets are now pricing in the possibility of an increase in the federal debt limit, which has pushed down stock prices.
Investors are also concerned about the economy and the impact on the unemployment rate, the Labor Department said Thursday.
A stronger economy and a faster rate increase are key drivers for stocks, said David Jones, chief market strategist at Wells Fargo Securities in Chicago.
The index is up 0