U.S. stocks are ticking higher as Wall Street recovers some of last week’s sharp slideNEW YORK -- U.S. stocks are ticking higher Monday as Wall Street recovers some of last week's sharp slide. Higher rates and yields in turn mean more pressure on companies to make bigger profits in order to make their stock prices look less expensive. Several big-name companies will be reporting their latest profit result this week, including market heavyweight Nvidia on Wednesday. After taking away purchases of automobiles, sales at retailers were weaker last month than economists expectedIn the bond market, Treasury yields were holding steadier, which helped keep things calmer in the stock market. In stock markets abroad, indexes were mixed in Europe amid modest moves following sharper swings in Asia.

Source: ABC News November 18, 2024 11:46 UTC