NEW YORK, March 25 — Wall Street stocks were mixed in early trading today as a volatile week neared its conclusion, while US and European allies strategised on further measures to counter Russia’s invasion of Ukraine.

Following a day of meetings in Brussels, President Joe Biden and EU commission president Ursula von der Leyen announced a joint task force to lessen Europe’s dependence on Russian fossil fuels.

Equities have been on a roller coaster all week, with investors weighing bargain-hunting instincts after a sluggish start to 2022 against worries over inflation.

Briefing.com analyst Patrick O’Hare noted that the narrowing gap between long- and short-term US Treasury bond yields suggests unease over the global growth outlook, saying that the sustainability of the recent rally “remains in question.”

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About 30 minutes into trading, the Dow Jones Industrial Average was up 0.3 per cent at 34,805.31.

The broad-based S&P 500 added 0.1 per cent at 4,524.01, while the tech-rich Nasdaq Composite Index dipped 0.4 per cent to 14,133.27.

Among individual companies, Bed Bath & Beyond was up 1.6 per cent after the retailer announced an agreement with activist shareholder Ryan Cohen to add three board members picked by his firm. — AFP

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