U.S stocks hedged higher on Friday following comments from Federal Reserve Chair Jerome Powell

U.S stocks hedged higher on Friday following comments from Federal Reserve Chair Jerome Powell indicating the bank could be making some progress in lowering inflation.But he warned it’s too early to tell if the bank is done raising interest rates. Meanwhile, it wasn’t a good Friday for social media platform X, formerly Twitter, as another major retailer pulled its advertising. Jody Jacobs reports from New York.

The Dow was up almost 1%, the S&P up .5% and the Nasdaq .44 per cent higher