Indexes Gain, In Danger of Losing Week

The S&P 500 rose on Friday, but Wall Street headed for a losing week amid concern that the Federal Reserve could raise rates more than expected.

The Dow Jones Industrials advanced 83.5 points to reach noon hour EDT at 34,584.23.

The much-broader index moved ahead 14.31 points to 4,465.45.

The NASDAQ index grabbed 56.66 points to 13,805.49.

Stocks are headed for a down week. The Dow has dropped 0.9% and S&P 500 has slumped 1.2%, while the NASDAQ lost 1.6%.

Recent economic data, including lower-than-expected initial jobless claims, have reignited rate hike fears and concerns that the Federal Reserve may have more work ahead.

Prices for the 10-year Treasury gave up previous gains, raising yields back to Thursday’s 4.25%. Treasury prices and yields move in opposite directions.

Oil prices recovered 72 cents to $87.59 U.S. a barrel.

Gold prices climbed $1.10 to $1,943.60 U.S. an ounce.