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VOL. 47 | NO. 15 | Friday, April 7, 2023
Stocks tick higher to close out shortened trading week
NEW YORK (AP) — Stocks closed slightly higher on Wall Street Thursday in mixed trading after several discouraging reports on the economy slowed stocks' roll this week.
The S&P 500 was 0.4% higher Thursday but down 0.1% for the week. The Dow and Nasdaq also closed modestly higher.
The U.S. stock market will be shut in observance of Good Friday.
A report showed more workers filed for unemployment benefits last week than expected. It followed a string of economic reports this week that were weaker than expected.
The economy is slowing under higher interest rates, raising the risk of recession.