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Expedia ( EXPE ) gains after Q2 profit beat

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Elf Beauty ( ELF ) falls on dour FY sales, profit forecast

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Paramount jumps on steady streaming growth

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Indexes up: S&P 500 0.23%, Nasdaq 0.17%, Dow 0.09%

(Updated at 11:25 a.m. ET/1525 GMT)

By Shubham Batra and Shashwat Chauhan

Aug 9 (Reuters) - Wall Street's main indexes swung

between gains and losses on the last day of a tumultuous week

that rocked the global markets as the low-yielding yen surged

and fears of a recession gripped the world's biggest economy.

All major indexes were set for weekly losses, with the S&P

500 and the Nasdaq headed for a fourth straight

week of fall.

Global markets experienced heightened volatility this week

after dour U.S. job reports and the Bank of Japan's interest

rate hike on July 31 that led to a sharp appreciation in the

yen, widely used for buying high-yielding assets, which resulted

in the unwinding of currency carry trade positions.

But after jobless claims last week fell more than expected,

U.S. stocks jumped on Thursday. The CBOE Volatility Index

, Wall Street's "fear gauge", which had surged to 65.73 at

the start of the week, also declined to 22.23 points.

Analysts are still skeptical. "Further data will be needed

to assure that last week's jobs number isn't affirming

heightened risk of an imminent recession," said Mark Luschini,

chief investment strategist at Janney Montgomery Scott.

"In the meantime, equities may be in a trading range above

that of the recent sell off low but no new catalyst for a

sustained advance to ensue."

Most megacap and growth stocks were higher, except Alphabet

, which was down over 1%. Eight of the 11 major S&P

sectors were trading higher, with healthcare and

consumer discretionary leading the gains.

Investors are now awaiting next week's readings on the

consumer prices and retail sales for July, which could provide

fresh evidence on the chances of a soft landing for the American

economy.

Fed policymakers said on Thursday they were confident that

inflation was cooling enough to allow interest-rate cuts ahead,

and will take their cues on the size and timing of those cuts

from the economic data.

Money markets are evenly split between the Fed cutting rates

by 50-basis points and 25-basis points in September, according

to CME's FedWatch Tool.

At 11:25 a.m. ET, the Dow Jones Industrial Average

rose 35.77 points, or 0.09%, to 39,482.26, the S&P 500

gained 12.41 points, or 0.23%, to 5,331.72 and the Nasdaq

Composite gained 27.66 points, or 0.17%, to 16,687.68.

Among individual stocks, Elf Beauty ( ELF ) fell 15.8% after

it forecast annual sales and profit below estimates, while

Paramount Global ( PARAA ) rose 1.2% as investors cheered strong

growth at the media group's streaming business.

Videogame publisher Take-Two Interactive Software ( TTWO )

climbed 2.8% as it expects net bookings to grow in fiscal years

2026 and 2027.

Expedia ( EXPE ) advanced 8.6% after the online travel

agency beat analysts' expectations for second-quarter profit,

while The Trade Desk ( TTD ) added 8.7% after the ad tech firm

forecast third-quarter revenue above analysts' estimates.

Advancing issues outnumbered decliners by a 1.33-to-1 ratio

on the NYSE and by a 1.15-to-1 ratio on Nasdaq.

The S&P 500 posted eight new 52-week highs and three new

lows, while the Nasdaq Composite recorded 39 new highs and 106

new lows.