Stock market today: Wall Street opens higher and is headed for another weekly gain

News Snapshot:

NEW YORK (AP) — U.S. stocks are heading toward the close of another winning week with some more modest gains. The S&P 500 was up 0.3% in early trading Friday. The Dow Jones Industrial Average was up 118 points, and the Nasdaq composite was up 0.4%. The S&P 500 has returned to within 1% of its record after coasting through relatively quiet trading this week. Revived hopes that the Federal Reserve may deliver cuts to interest rates this year drove the gains. So did a flood of stronger-than-expected reports on profits from big U.S. companies. Gen Digital jumped after reporting...