U.S. stocks traded higher Friday morning, as investors attempted to look past fears of a partial government shutdown, rising interest rates and slowing global growth in the hope of avoiding the worst week for stocks since March.
The Dow Jones Industrial Averages rose 178 points, or 0.8%, to 23,039, while the S&P 500 index rose 14 points, or 0.6%, to 2,481. The Nasdaq Composite Index traded down 6 points, or 0.1% to 6,524.
All three indexes are looking at weekly losses of between 4% and 5%. Equity and bond markets on Monday will end early as it’s Christmas Eve and will be closed on Tuesday for the Christmas holiday.