NEW YORK — U.S. stock indexes are ticking higher on Tuesday as an incredibly busy week for Wall Street picks up momentum.
The S&P 500 was up 0.2% in early trading after setting an all-time high in six straight days. The Dow Jones Industrial Average was virtually unchanged as of 9: 35 a.m. Eastern time, and the Nasdaq composite was adding 0.5% to its own record.
JetBlue Airways climbed 14.4%, and SoFi Technologies jumped 16.2%, but Merck dropped 7.8% following a growing torrent of profit reports from big U.S. companies. They’re among the hundreds of companies telling investors this week how much they made during the spring, including nearly a third of the stocks in the S&P 500 index.
Treasury yields were easing a bit in the bond market as the Federal Reserve gets set to begin a two-day meeting where they will decide what to do with short-term interest rates. Despite angry lobbying from President Donald Trump for lower rates, which would give the economy a boost, the widespread expectation is that the Fed will wait for more data about how Trump’s tariffs are affecting inflation and the economy before making its next move.
Chinese stock indexes, meanwhile, were mixed as top trade officials from the world’s two largest economies headed into a second day of talks about tariffs. U.S. Treasury Secretary Scott Besse