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Stocks sway on Wall Street; tech gains counter wider losses

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Wall Street Sign

FILE - The Wall St. street sign is framed by the American flags flying outside the New York Stock exchange, Friday, Jan. 14, 2022, in the Financial District. (AP Photo/Mary Altaffer, File)

Stocks shifted between small gains and losses in morning trading on Wall Street Thursday as investors continue weighing the latest updates from the Federal Reserve amid concerns about rising inflation.

The S&P 500 fell 0.2% as of 10:22 a.m. Eastern. The Dow Jones Industrial Average fell 240 points, or 0.7%, to 34,256 and the Nasdaq fell 0.1%.