Wall Street Rebounds Amid Economic Uncertainty

Wall Street's main indexes opened higher, reversing Monday's losses. Investors focus on third-quarter earnings and inflation data for insights into the Federal Reserve's rate decisions. The market showed mixed performance, with energy stocks declining and materials falling due to weak Chinese economic signals.

Wall Street's major indexes opened the trading session with gains on Tuesday as investors turned their focus toward the upcoming third-quarter earnings and key inflation data. These factors are anticipated to provide fresh insights into the Federal Reserve's potential rate decisions.

The Dow Jones Industrial Average increased slightly, while both the S&P 500 and Nasdaq Composite saw moderate gains, rebounding from Monday's approximately 1% drop caused by soaring Treasury yields and geopolitical tensions in the Middle East. Energy stocks were among the few decliners, down over 2% as oil prices retreated.

Meanwhile, Treasury yields remained high despite a slight retreat, leading traders to anticipate a possible interest rate cut from the Fed in November. Investors' attention now shifts to upcoming consumer price index data, expected to offer more clarity on future rate moves.

(With inputs from agencies.)