Stock market set to stage rebound after Nasdaq enters correction

U.S. stocks on Tuesday appeared on track to open higher after an antitrust-sparked selloff in the some of the biggest technology-related stocks, which drove the tech-laden Nasdaq into correction Monday.

The S&P 500 index SPX, -0.28% slid 7.61 points, or 0.3%, to 2,744.45 while the Dow DJIA, +0.02% made a comeback to erase a more than 100-point deficit to edge up 4.74 points to 24,819.78.What’s driving the market? The Nasdaq’s 10% decline from its May 3 record, which culminated Monday, meets Wall Street’s definition for a correction, prompted primarily by heightened threats that U.S. regulators may reduce the size of tech and social-media companies like Facebook Inc. FB, -7.

Market participants may gather more clarity on the rate-setting Federal Open Market Committee’s thinking later Tuesday after Fed Chairman Jerome Powell speaks at 9:55 a.m. Eastern Time. Those comments come after St. Louis Fed President James Bullard on Monday said rate cuts “may be warranted soon,” amid U.S.’s international trade disputes.Read: U.S.

Tiffany & Co. TIF, +1.19% stock fell 1.9% in premarket trade, after the luxury jewelry retailer reported a 5% decline in first-quarter same sales growth.

Risk back on

Just a muppet bounce....

Until... The next tweet.🙄

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

What to watch today: Stocks to bounce, China warns against US travel, and Tesla faces demand doubtsU.S. stock futures were pointing to a higher Wall Street open, a day after fears about tech company investigations pushed the Nasdaq into 10% correction territory.
Source: CNBC - 🏆 12. / 72 Read more »

Stocks rise slightly, but trade and economy worries persistStocks closed slightly higher for the first time all week, with the Dow gaining 0.17% and the Nasdaq rising 0.27%. The S&P 500 closed about 0.2% higher, with real estate, health care and consumer discretionary performing best.
Source: CNBC - 🏆 12. / 72 Read more »

Mexico tariff threat pushes long-time market bull to reduce exposure to stocksFederated Investors' Phil Orlando takes down his exposure to stocks due to growing uncertainty surrounding trade. FuturesNow Charts are screaming trouble and these articles/excuses/tariffs are just to keep the panic down and keep retail investors in the game! Smart money are already leverage/ hedged in the other direction or already sitting in cash! Buy bitcoin FastMoney FuturesNow Buy Bitcoin FastMoney FuturesNow Dump incoming lol.
Source: CNBC - 🏆 12. / 72 Read more »

Goldman's portfolio of investors' favorite stocks is crushing the market, returning 16% this yearWhile most of the stock market is in turbulence amid the trade chaos, Goldman Sachs has a portfolio that's crushing the market. Even after today? Should update this daily, especially after today with this $GOOGL drop.
Source: CNBC - 🏆 12. / 72 Read more »