NEW YORK (AP) — Stocks are ticking higher on Wall Street as waves of market-moving forces crash into each other and keep trading jumbled, from war in Ukraine to an upcoming Federal Reserve meeting on interest rates.
The S&P 500 was up 0.7% after the 10-year Treasury yield touched its highest level since the summer of 2019.
Stocks climbed in Europe, while stocks fell sharply in Hong Kong on worries about a nearby COVID-19 outbreak.
Oil prices tumbled to take some pressure off the high inflation sweeping the world, with a barrel of U.S. crude falling toward $100 after touching $130 last week.
