* Megacap growth and tech shares bounce 1.5% to 3% * Tesla rebounds after worst selloff in four months. * Rivian jumps on reaffirming FY deliveries view; lifts peers. * Futures up: Dow 1.32%, S&P 1.59%, Nasdaq 1.89% By Ankika Biswas and Medha Singh.
The dollar slid on Tuesday, as U.S. Treasury yields paused in a relentless climb higher, providing brief relief to share markets and helping the euro in particular move further off multi-year lows. The Australian dollar was also in focus, sinking after the nation's central bank surprised markets with a smaller-than-expected interest rate hike.
-Wall Street futures rose more than 1% on Tuesday as easing U.S. Treasury yields boosted megacap growth and technology stocks, while investors awaited more economic data to gauge the Federal Reserve's rate hike path. Data on job openings and factory orders will be in focus after the market opens, a day after weaker-than-expected manufacturing activity showed rising rates taming demand for goods.
-Wall Street futures rose more than 1% on Tuesday as easing U.S. Treasury yields boosted megacap growth and technology stocks, while investors awaited more economic data to gauge the Federal Reserve's rate hike path. Data on job openings and factory orders will be in focus after the market opens, a day after weaker-than-expected manufacturing activity showed rising rates taming demand for goods.
The dollar slid on Tuesday as U.S. treasury yields paused in a relentless climb higher, providing brief relief to share markets and helping the euro and sterling move further off multi-year lows.
The dollar slid on Tuesday, as U.S. Treasury yields paused in a relentless climb higher, providing brief relief to share markets and helping the euro in particular move further off multi-year lows. The Australian dollar was also in focus, sinking after the nation's central bank surprised markets with a smaller-than-expected interest rate hike.
* U.S. stocks close up over 2% after September selloff. * Oil surges over 4% on reduced supply outlook. * Treasury yields slip. By Pete Schroeder. U.S. stocks rose sharply on the first day of trading of the fourth quarter as volatile swings continued to dominate markets, while the prospect of reduced supply pushed oil up nearly $4 a barrel.
* * U.S. factory activity slowest in ~2.5 years in Sept -ISM. * Credit Suisse, Citi cut 2022 year-end target for S&P 500. * Dow, S&P 500, Nasdaq up. By Echo Wang. Oct 3 - Wall Street stocks ended with sharp gains on Monday at the start of the final quarter of a tumultuous year with interest rate hikes amid historically hot inflation and fears of slowing economic growth.
* Tesla down as Q3 deliveries miss market estimates. * U.S. factory activity slowest in ~2.5 years in Sept -ISM. * Credit Suisse, Citi cut 2022 year-end target for S&P 500. * Indexes up: Dow 2.99%, S&P 500 2.94%, Nasdaq 2.67% By Echo Wang.
* Tesla down as Q3 deliveries miss market estimates. * U.S. factory activity slowest in ~2.5 years in Sept -ISM. * Credit Suisse, Citi cut 2022 year-end target for S&P 500. * Indexes up: S&P 3.0%, Dow 500 3.1%, Nasdaq 2.9% By Echo Wang.
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