Stocks are ticking a bit higher Monday as Wall Street’s worries about higher interest rates and the bond market relax a little, according to an Associated Press report.
The S&P 500 was 0.3% higher in early trading after coming off its first winning week in the last four. The Dow Jones Industrial Average was up 57 points, or 0.2%, at 33,448, as of 9:40 a.m. Eastern time, while the Nasdaq composite was 0.5% higher.
The stock market has found some footing over the last week after a roller-coaster start to the year where a swift rise gave way to a sharp tumble. At the center of it all has been high inflation and expectations for what the Federal Reserve will do about it.
