Power steering belt slipping?

Power steering pump bad?

Steering rack worn?

Suspension parts worn?

If the steering wheel is loose while driving the steering rack may be going bad. A bad steering rack leads to a lot of play on the actual wheel.

Steering wheel noises can be caused by low power steering fluid. A loose or worn belt or suspension problems can also cause a steering wheel to make noises when turned.

The steering wheel warning light will come on in a vehicle when a problem has been detected within the steering system. This can include low power steering fluid or incorrect pressure.

Means your steering wheel pump might be going bad. But first check your steering wheel fluid you could be very low.