Stocks Struggle, Dollar Gains as Investors Scrutinize Data

A huge electric stock quotation board is seen inside a building in Tokyo, Japan, on Dec. 30, 2022. Issei Kato/Reuters

LONDON—Global stocks struggled on Friday as investors pored over economic data for clues on the likelihood of more interest rate hikes and possible recession in the United States as a new earnings season unfolded.

The dollar edged up and looked set for its first weekly gain in more than a month on Friday.