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US Stocks Open Higher; Weekly Loss     05/14 09:41

   Stocks were solidly higher in early trading on Friday, but the market is 
still on track to end the week in the red after three days of steep drops 
earlier in the week. 

   (AP) -- Stocks were solidly higher in early trading on Friday, but the 
market is still on track to end the week in the red after three days of steep 
drops earlier in the week. Investors continue to focus on the possibility of 
inflation as the U.S. economy recovers from the coronavirus pandemic.

   The S&P 500 index was up 1.1% as of 10:15 a.m. Eastern. The Dow Jones 
Industrial Average was up 0.8% and the Nasdaq Composite, where the losses this 
week have been steeper, was up 1.5%. Even with the gains, the S&P 500 is on 
pace to end the week down 1.8% and the Nasdaq down 3.1%.

   Disney fell 4% after reporting lower revenue and missing forecasts for 
growth in subscriber additions to its video streaming service. Disney had been 
adding subscribers at a breakneck pace the past year, helped by popular shows 
like "The Mandalorian" and the pandemic, which kept many Americans at home with 
little to do except watch TV.

   Technology stocks led the gainers after sinking earlier in the week as 
investors fretted about signs of rising inflation. Apple, Microsoft, Facebook 
and Google's parent company all rose 1% or more.

   Investors have been questioning whether rising inflation will be something 
temporary, as the Federal Reserve has said, or something more durable that the 
Fed will have to address. The central bank has kept interest rates low to aid 
the recovery, but concerns are growing that it will have to shift its position 
if inflation starts running too hot.

   Data from Commerce Department on Friday showed Americans kept up their share 
of retail purchases in April, helped by the stimulus checks that have gone out 
in the last few weeks. However economists expected retail sales figures to be 
slightly higher for the month. Sales were up at restaurants and bars in the 
month, according to the data.

   Bond yields have risen sharply this week but pulled back slightly on Friday. 
The yield on the 10-year Treasury fell to 1.63% from 1.66% a day earlier.

 
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