Stocks are opening modestly higher following Wall Street’s worst day since April. The S&P 500 was up 0.3% in early trading Friday, but it may still be heading for its first losing week in the last five. The Dow Jones Industrial Average was up 101 points, and the Nasdaq composite was up 0.4%. Ross Stores and Deckers Outdoor jumped after reporting solidly better profit than analysts expected. Worries about stubbornly high inflation have pulled the stock market back from its recent records. Treasury yields ticked higher in the bond market.
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