NEW YORK — Most U.S. stocks ticked higher to recover some of their sharp slide from last week. The S&P 500 rose 0.4% Monday for its first gain in three days. The Dow Jones Industrial Average slipped 0.1%, and the Nasdaq composite gained 0.6%. CVS Health rallied after adding four new directors to its board, including the CEO of a hedge fund that’s a major investor. Treasury yields eased in the bond market, which also helped calm the stock market.
Liberty Energy also helped pull the market upward after rising 5.9%. President-elect Donald Trump named its CEO, Chris Wright, as his Secretary of Energy. More recently, though, investors have braced for some of the potential downsides for the market of Trump’s reshaping of the economy. Moderna rose 5.6% on Monday, but it is still down since Trump said he wanted Robert F. Kennedy Jr., a prominent anti-vaccine activist, to lead the Department of Health and Human Services.
Several big-name companies will be reporting their latest profit result this week, including market heavyweight Nvidia on Wednesday. The big-box retailers will be reporting after an update on Friday said shoppers spent more at U.S. retailers generally last month than expected. It's the latest signal that the most influential force on the economy remains solid, but the data may not be quite as strong as it appeared. After taking away purchases of automobiles, sales at retailers were weaker last month than economists expected
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