Stocks shake off an early loss, turn higher on Wall Street

NEW YORK (AP) — Stocks shook off some early weakness and turned tentatively higher Wednesday, led by gains in store operators and other retailers. That sector has been 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 S&P 500 rose 0.7%. A modest turn higher in the volatile technology sector helped push the Nasdaq up 1%, erasing its loss for the week. The yield on the 10-year Treasury note, which helps set mortgage rates, fell slightly, to 2.74%.


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