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AP
  • Updated

World shares are mostly higher while U.S. futures fell ahead of the July 4 holiday in the U.S. Benchmarks rose in London, Paris, Frankfurt and Tokyo but fell in Hong Kong and Seoul. Oil prices fell back after surging on Friday. U.S. stocks shook off a morning slump Friday and ended higher, but still ended in the red for the week. It was the fourth losing week in the last five for Wall Street as investors fretted over high inflation and the possibility that higher interest rates could bring on a recession. The S&P 500 rose 1.1%.

AP
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A person wearing a protective mask watches an electronic stock board showing Japan's Nikkei 225 index at a securities firm Monday, July 4, 2022, in Tokyo. Shares were mixed in Asia on Monday while U.S. futures fell ahead of the July 4 holiday in the U.S. (AP Photo/Eugene Hoshiko)

AP
  • Updated

A person wearing a protective mask walks in front of an electronic stock board showing Japan's Nikkei 225 index at a securities firm Monday, July 4, 2022, in Tokyo. Shares were mixed in Asia on Monday while U.S. futures fell ahead of the July 4 holiday in the U.S. (AP Photo/Eugene Hoshiko)

AP
  • Updated

A person wearing a protective mask stands in front of an electronic stock board showing Japan's Nikkei 225 index at a securities firm Monday, July 4, 2022, in Tokyo. Shares were mixed in Asia on Monday while U.S. futures fell ahead of the July 4 holiday in the U.S. (AP Photo/Eugene Hoshiko)

AP
  • Updated

A person wearing a protective mask looks at an electronic stock board showing Japan's Nikkei 225 index at a securities firm Monday, July 4, 2022, in Tokyo. Shares were mixed in Asia on Monday while U.S. futures fell ahead of the July 4 holiday in the U.S. (AP Photo/Eugene Hoshiko)

  • Updated

Stocks shook off a morning slump and ended higher Friday, but not enough to erase their losses for the week. It was the fourth losing week in the last five for Wall Street. The latest choppy trading comes as investors worry about high inflation and the possibility that higher interest rates could bring on a recession. The S&P 500 rose 1.1%. The benchmark index is coming off of its worst quarter since the onset of the pandemic in early 2020. The Dow Jones Industrial Average rose 1% and the Nasdaq added 0.9%. The yield on the 10-year Treasury fell to 2.89%.

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Traders work on the floor at the New York Stock Exchange in New York, Friday, July 1, 2022. Stocks are off to a weak start on Friday, continuing a dismal streak that pushed Wall Street into a bear market last month as traders worry that inflation will be tough to beat and that a recession could be on the way as well. (AP Photo/Seth Wenig)

  • Updated

Traders work on the floor at the New York Stock Exchange in New York, Friday, July 1, 2022. Stocks are off to a weak start on Friday, continuing a dismal streak that pushed Wall Street into a bear market last month as traders worry that inflation will be tough to beat and that a recession could be on the way as well. (AP Photo/Seth Wenig)

  • Updated

Traders work on the floor at the New York Stock Exchange in New York, Friday, July 1, 2022. Stocks are off to a weak start on Friday, continuing a dismal streak that pushed Wall Street into a bear market last month as traders worry that inflation will be tough to beat and that a recession could be on the way as well. (AP Photo/Seth Wenig)

  • Updated

Traders work on the floor at the New York Stock Exchange in New York, Friday, July 1, 2022. Stocks are off to a weak start on Friday, continuing a dismal streak that pushed Wall Street into a bear market last month as traders worry that inflation will be tough to beat and that a recession could be on the way as well. (AP Photo/Seth Wenig)