US stocks edged higher in a volatile trading session on Friday, as investors largely shrugged off earlier worries about the health of US regional banks, aided by comments by President Donald Trump.
The S&P 500 was up 0.3 per cent in early afternoon trading, following earlier losses for stock futures of as much as 1.5 per cent.
Wall Street’s Vix “fear index” had briefly touched a five-month high of 28.99 points on Friday morning as investors responded to Thursday’s heavy sell-off in US regional bank shares. But it later slipped back to 23.47.
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