Stocks are holding relatively steady on Wall Street Wednesday, firming a bit a day after falling to their worst loss since December on worries about higher interest rates.
The S&P 500 was 0.3% higher in early trading. The Dow Jones Industrial Average was up 59 points, or 0.2%, at 33,188, as of 9:45 a.m. Eastern time, while the Nasdaq composite was 0.6% higher.
After leaping at the start of the year, stocks hit a wall in February on worries that inflation is not cooling as quickly or as smoothly as hoped. That has Wall Street upping its forecasts for how high the Federal Reserve will take interest rates, as well as for how long it will keep them at that level.
