NEW YORK (AP) - Stocks are drifting Friday as a strong week for Wall Street appears to be heading for a quiet close.
The S&P 500 was 0.3% higher in early trading, on pace for its third winning week in the last four and close to its highest level since early December.
The Dow Jones Industrial Average was up 104 points, or 0.3%, at 34,047, as of 10:17 a.m. Eastern time, while the Nasdaq composite was 0.5% higher.
Helping to lead the way was , which jumped 10% despite reporting weaker profit and revenue for the latest quarter than expected.

It gave a forecast for earnings through 2023 that topped Wall Street´s expectations and announced a planned increase to its dividend.
Weighing on Wall Street were falling stocks across the chipmaking industry following a jolting warning from Intel.
Not only did its revenue and earnings fall short of expectations last quarter amid a punishing slowdown in sales, it also gave a forecast for revenue this quarter that was more than $2 billion short of analysts´ expecta.

The measure that the Fed prefers, which strips out food and energy costs, was 4.4% higher in December than a year earlier. That was down from 4.7% in November and was equal to economists´ expectations.
More broadly, inflation slowed to 5% in December from a year earlier, down from 5.5% in November, according to the personal consumption expenditures price index.
Reports also showed that income growth for Americans slowed in December, while consumer spending fell off a bit faster than expected.
A separate report said U.S.

consumers are also downshifting their expectations for inflation in the coming year. That´s key for the Fed, Slot Online which wants to avoid a vicious cycle where households expecting high inflation make moves that only make it worse.
Economists said the data likely keeps the Fed on track to raise its key benchmark rate by 0.25 percentage points at its meeting next week.
That would be a step down from its increase of 0.50 points last month and four straight hikes of 0.75 points before that.
Next week could be another busy week, with several high-profile events on top of the Fed's announcement. The European Central Bank will also give its latest decision on rates, the U.S.

government will release its latest monthly check on the jobs market and more than 100 companies in the S&P 500 will report their quarterly results.
In stock markets overseas, India's Sensex fell 1.5% as the .
Shares in seven Adani companies have plunged this week, wiping out billions of dollars in market value, after short-selling firm Hindenburg Research said it was betting against the conglomerate, which has holdings in energy, data transmission, construction and other major industries.
The Adani Group nonetheless went ahead with a share offering for retail investors Friday, as shares in its flagship Adani Enterprises sank nearly 16%.

Shares in some other group companies fell as much as 20%, triggering some halts to trading.
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AP Business Writers Yuri Kageyama and Matt Ott contributed.