Wall Street drifts, heading for worst week since December

By STAN CHOE
AP Business Writer

NEW YORK (AP) — Stocks are drifting as Wall Street nears the end of its worst week since December. The S&P 500 was just barely higher in Friday morning trading and on pace for a 1.2% loss for the week. The Dow Jones Industrial Average was up slightly, while weakness for tech stocks pulled the Nasdaq lower. Stocks have been struggling since rallying at the start of the year on hopes that the economy could avoid a severe recession, and that cooling inflation could get the Federal Reserve to take it easier on interest rates. Lyft lost more than a third of its value following a weaker-than-expected forecast.