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NEW YORK (AP) — The U.S. stock market is swinging between gains and losses on Friday, as Wall Street’s wild July remains rocky. Amazon is leaping, but Apple is sinking, and rising oil prices are adding to worries about inflation already squeezing the bond market . The S&P 500 rose 0.6% after veering between an earlier gain of 0.7% and drop of 0.5%. The Dow Jones Industrial Average was up 282 points, or 0.5%, as of 1:44 p.m. Eastern time, and the Nasdaq composite was 0.8% higher after briefly losing all of an early 1.3% jump.
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Higher oil prices have pushed the cost for a gallon of regular gasoline to an average of nearly $4.11 across the United States, up from $3.85 a month ago, according to AAA.
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