Stocks drift higher on Wall Street at close of a brutal week

NEW YORK (AP) — U.S. shares are drifting upward on Friday, as Wall Street nears the top of one of its worst weeks because the 2020 coronavirus crash.

The S&P 500 was 0.7% higher in afternoon buying and selling after earlier wavering between a loss of 0.8% and acquire of 1.1%.

The comparatively quiet buying and selling caps what’s been a tumultuous week.

The S&P 500 remains to be on observe for a loss of 5.4%, which might be its tenth drop within the final 11 weeks.

Markets all over the world have shuddered as buyers regulate to the bitter medication of higher rates of interest that central banks are more and more doling out to battle inflation.