Stocks lose week

NEW YORK (AP) — Wall Street closed out its most punishing week since the 2020 coronavirus crash with a meandering day of trading today that left it a bit higher. The S&P rose 0.2%. That was nowhere near enough to make up for big earlier losses, and the index fell to its tenth drop in the last 11 weeks. Markets around the world have shuddered as investors adjust to the bitter medicine of higher interest rates that central banks are increasingly doling out. Higher rates can bring down inflation, but they also risk a recession by slowing the economy and push down on investment prices.