Wall Street ticks higher as the bond market calms

Friday, February 2, 2024, Vol. 48, No. 5

NEW YORK (AP) — Most of Wall Street ticked higher as the bond market calmed down following some sharp swings.

The S&P 500 rose 0.2% Tuesday and nearly returned to its record set at the end of last week. The Dow Jones Industrial Average gained 0.4%, and the Nasdaq composite added 0.1%.

GE Healthcare Technologies was one of the market's top stocks after reporting better profit than expected, and Palantir Technologies soared as it continues to ride Wall Street's frenzy around artificial intelligence. They helped offset a drop for FMC, whose profit fell short of forecasts.

Treasury yields eased after charging higher in recent days.