Stocks are opening higher on Wall Street to trim their losses for the week. The S&P 500 was up 0.7% in early trading Thursday, a day after swinging sharply when the Federal Reserve said it’s likely delaying cuts to interest rates,

Asian markets are wobbling in early trading after U.S. stocks swung to a mixed finish with the Federal Reserve delaying cuts to interest rates

The Federal Reserve said U.S. economic activity “has continued to expand at a solid pace,” but the central bank also noted inflation is still too high in a brief statement. “Inflation has eased over the past year but remains elevated,