Stocks wavered Friday morning after a slide in the previous session as investors fretted over the health of government balance sheets.
Trading was quiet ahead of the long Memorial Day holiday weekend.
Investors are asking how the U.S. will pay for its programs to revive the economy and stabilize the banking system after a credit rating agency on Thursday issued a warning that Britain's credit rating could be lowered because of its huge debt load.
Those fears spilled over to the U.S., which is also selling debt at a rate of billions per week to bankroll programs aimed at fighting the recession. That helped push the dollar to its weakest level …
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