NEW YORK (AP) — Stocks rose in morning trading on Wall Street Friday, keeping the market on track for its third weekly gain in the last four. The S&P 500 was up 0.6% and sitting just below its record. The benchmark index is on track to recover most of its losses from a slide last week.

Investors were feeling zen on Friday, as a week that's been dominated by President Donald Trump's tariffs drew to a close. The Cboe Volatility Index, or VIX, slid to 16.2 from 16.6 in early trading. Any level below 20 tends to indicate relatively low uncertainty,

The health of the U.S. economy is a major focus for markets, and Wall Street closed lower on Tuesday after data showed services sector activity unexpectedly flatlined in July.

U.S. stocks drifted to a mixed finish as President Donald Trump’s tariffs on dozens of countries had only a muted effect on markets worldwide.

Markets reasserted themselves this week following last week’s sell-off, largely ignoring the firing of the lead government jobs statistician, negative economic data and new tariffs.