Stocks edge higher following signs of wage growth cooling

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.


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