Stocks Bounce Back: Eyes on Inflation and Earnings
U.S. stock futures rebounded on Tuesday following a decline in major indexes the previous day. Investors anticipate key inflation data and third-quarter earnings reports. Treasury yields decreased slightly, while market actors speculated on Federal Reserve interest rate cuts in November. Honeywell's shares rose amid spinoff plans.
The U.S. stock market showed signs of recovery on Tuesday, as futures climbed after Monday's slump. Key inflation data and the upcoming third-quarter earnings reports remain in focus for investors, who are eager for insights into the Federal Reserve's interest rate trajectory.
Monday's selloff, influenced by a surge in Treasury yields and Middle East tensions, saw major indexes dropping around 1%. As of early Tuesday morning, futures for the S&P 500, Nasdaq 100, and Dow Jones were up, indicating a potential rebound.
Adding to market dynamics, Honeywell's shares gained nearly 3% following news of an advanced materials business spinoff, while shares of major Chinese tech firms dropped amid fading optimism about China's stimulus measures.
(With inputs from agencies.)
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