NEW YORK (AP) — A fragile U.S. stock market is flipping between gains and losses again on Friday, but the moves aren’t as extreme as they’ve been in recent weeks, at least not yet.

The S&P 500 rose 0.1% after bobbing up and down earlier in the morning. The Dow Jones Industrial Average was up 217 points, or 0.5%, as of 11 a.m. Eastern time, and the Nasdaq composite was down 0.2%.

Stocks appeared to find support 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” for interest rates.

That could signal he’ll vote for another cut to rates in December. What the Fed does is critical for Wall Street because stock prices ran to records through last month i

See Full Page