U.S. stocks look to halt their 3-day slide as pressure from the bond market eases
U.S. stocks are ticking higher Wednesday after the U.S. Treasury Department said it will buy more U.S. government bonds in a move that eased pressure on financial markets worldwide. Strong profit reports for the spring from Estee Lauder, Target and other U.S. companies are also helping to support the stock market.
TL;DR
- U.S. stocks are trading higher on Wednesday.
- The U.S. Treasury Department will purchase more U.S. government bonds.
- This move is easing pressure on global financial markets.
- Strong spring profit reports from Estee Lauder and Target are supporting the stock market.