Stock market today: Wall Street ticks higher after Target and other retailers top profit forecasts

U.S. stocks are holding relatively steady after more big companies delivered profit reports that topped analysts’ expectations. The S&P 500 rose 0.2% in early Wednesday trading. The Dow Jones Industrial Average gained 88 points, and the Nasdaq composite added 0.1%. Target jumped after topping profit expectations for the spring. But Macy’s dropped after it cut its forecast for sales this year due in part to more discriminating shoppers. Treasury yields were steady as investors wait for the week’s main event, which will arrive Friday. That’s when Federal Reserve Chair Jerome Powell will give a speech about interest rates.