Stocks tick higher to close out shortened trading week

Friday, April 7, 2023, Vol. 47, No. 15

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.