NEW YORK, June 16 — Wall Street stocks were little changed early Friday as equities held on to weekly gains amid greater optimism over US central bank policy and the economic outlook.

A day after the Federal Reserve kept interest rates unchanged, major indices added more than one per cent on Thursday as investors bet the US central bank’s rate-hiking cycle was finished, or nearly done.

Sentiment has also been boosted by an array of US economic data that has bolstered hopes that the world’s biggest economy can avert a recession.

About 15 minutes into trading, the Dow Jones Industrial Average stood at 34,480.43, up 0.2 percent.

The broad-based S&P 500 added 0.1 per cent at 4,432.15, while the tech-rich Nasdaq Composite Index dipped 0.1 per cent to 13,770.84.

Among individual companies, Adobe rocketed 3.7 per cent higher after reporting record quarterly revenues and projecting greater-than-expected profits in the current quarter.

The software giant said it is well-positioned to "lead” in the new era of generative artificial intelligence. — AFP