U.S. stocks are ticking higher as Wall Street recovers some of last week’s sharp slide. The S&P 500 rose 0.5% in midday trading Monday.

U.S. stocks are ticking higher ahead of the Federal Reserve’s announcement coming later in the afternoon about what it will do with interest rates.

U.S. stock futures indicated a mixed opening on Monday as investors looked ahead to crucial corporate results, especially from AI-chip leader Nvidia, following Wall Street's slump the previous week. Rising expectations that the Federal Reserve will slow its pace of rate cuts and uncertainty over the impact of U.