The New York Stock Exchange is seen in New York, Thursday, Feb. 24, 2022. Markets are opening mostly higher on Wall Street Friday after a wild ride a day earlier. The S&P 500 added 0.4% in the early going, following even bigger gains in Europe. (AP Photo/Seth Wenig)
NEW YORK (AP) — Stocks are opening mostly higher on Wall Street and Treasury yields are falling on hopes that the nation’s high inflation will keep cooling after a mixed report on the job market showed that gains for workers’ pay unexpectedly slowed last month. The S&P 500 rose 0.2% early Friday, the Dow Jones Industrial Average rose 0.3% and the Nasdaq slipped 0.2%. The government reported wages for workers across the country rose 4.6% in December from a year earlier, the smallest increase since two summers ago. While that’s not good news for workers it is good news in the fight against inflation.