S&P 500 struggles to break losing streak as Fed supports more hikes.

US stocks recovered from early losses to trade mixed midday Thursday, after a three-day losing streak while investors digested fresh commentary from Federal Reserve Chairman Jerome Powell and a raft of interest-rate hikes from international central banks. The S&P 500 was up by 6 points, or 0.1%, to 4,371, while the Nasdaq Composite gained 85 points, or 0.6%, to 13,586. The Dow Jones Industrial Average declined by 30 points, or 0.1%, to 33,921. The Bank of England and a flurry of other central banks hiked interest rates to try and combat stubborn inflation, raising fresh doubts about the outlook for global economic growth.