U.S. stock futures rose on Tuesday as optimism about the corporate earnings season and calmer conditions in bond markets supported traders’ risk appetite.
Extra impetus came from news the Bank of England would delay its bond sale program, a move that highlighted central banks’ readiness to halt monetary tightening if needed. though the central bank said that story was “inaccurate.” Some analysts remained skeptical of the rebound’s longevity, however. Jonathan Krinsky, chief market technician at BTIG, noted that although the Nasdaq 100 gained more than 3% in the previous session, it had traded only within Friday’s range.
Similarly, Mark Newton, technical strategist at Fundstrat, said in a note to clients that the recent market strength had not been enough to break either the one or two-month downtrend and that importantly, Treasury yields TMUBMUSD10Y , which closed on Monday above 4%, seem poised to break higher still.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock Market News: Dow Futures Rise After Bank of America EarningsFutures rose after Bank of America's earnings, and investors cheered the U.K.'s U-turn on economic policies. Follow our live markets coverage.
Source: WSJ - 🏆 98. / 63 Read more »
Opinion | Stocks Can Always Get CheaperFrom WSJopinion: Cheap stocks can always get cheaper, writes andykessler. Buy the dip, right? Be careful—the biggest mistake is looking backward, not forward. opinion andykessler Buy your stocks know or soon
Source: WSJ - 🏆 98. / 63 Read more »
Safety concerns shut Starbucks store, economic, 3Q earnings reports and more: Monday's 5 things to knowBanks and transportation lead off third-quarter earnings reports with Bank of America, Goldman Sachs and Traveler's scheduled to report. Yes let's talk safety concerns and issue false public statements. I'm sure investors will be curious SECGov FTC FCC EPA NYSDEC NewYork_SEC NewYorkStateAG OSHA_DOL
Source: FoxBusiness - 🏆 458. / 53 Read more »
Dow climbs nearly 600 points as stocks open sharply higher after Friday’s punishing selloffU.S. stocks opened sharply higher on Monday, with the Dow Jones Industrial Average advancing nearly 600 points, as stocks rebounded following Friday’s...
Source: MarketWatch - 🏆 3. / 97 Read more »
Lanvin Group valuation, down $250M, contends with exceptionally high H1 earningsShanghai-based luxury fashion firm Lanvin Group is reporting one of the year's largest luxury earnings leaps, while simultaneously initiating a drastic discount, in the lead-up to its SPAC listing.
Source: LuxuryDaily - 🏆 325. / 59 Read more »