By STAN CHOE, Associated Press Business Writer

NEW YORK (AP) — Wall Street seems to be holding steadier on Friday, for now at least, following weeks of scary swings driven in part by worries that stars like AI stocks and cryptocurrencies shot too high.

The S&P 500 rose 0.4% in morning trading. The Dow Jones Industrial Average was up 216 points, or 0.5%, as of 10:05 a.m. Eastern time, and the Nasdaq composite was 0.4% higher.

Stocks appeared to get a boost from a speech by the president of the Federal Reserve Bank of New York. Markets perked up immediately after John Williams told a conference in Chile that he sees “room for a further adjustment” in the near term for interest rates.

That could indicate he may vote for another cut to interest rates in December. What the Fed doe

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