Stocks move slightly higher, remain on track for losing week

U.S. stocks opened near unchanged Friday, then moved slightly higher, leaving major indexes on track for a losing week as the spread of the delta variant that causes COVID-19 stoked worries about global economic growth prospects. Losses for stock-index futures were erased ahead of the opening bell after Dallas Fed President Robert Kaplan, in a television interview, indicated he would reconsider his calls for a quick tapering of the central bank's asset-buying program if COVID-19 begins to affect the outlook. The Dow Jones Industrial Average rose 33 points, or 0.1%, to 34,927, while the S&P 500 rose 0.2% to 4,415. The Nasdaq Composite was up 0.4% at 14,593. The Dow was on track for a 1.6% weekly loss, while the S&P 500 was down 1.2% and the Nasdaq off 1.6%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Stocks move slightly higher, remain on track for losing week
U.S. stocks opened near unchanged Friday, then moved slightly higher, leaving major indexes on track for a losing week as the spread of the delta variant that causes COVID-19 stoked worries about global economic growth prospects. Losses for stock-index futures were erased ahead of the opening bell after Dallas Fed President Robert Kaplan, in a television interview, indicated he would reconsider his calls for a quick tapering of the central bank's asset-buying program if COVID-19 begins to affect the outlook. The Dow Jones Industrial Average rose 33 points, or 0.1%, to 34,927, while the S&P 500 rose 0.2% to 4,415. The Nasdaq Composite was up 0.4% at 14,593. The Dow was on track for a 1.6% weekly loss, while the S&P 500 was down 1.2% and the Nasdaq off 1.6%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.