Wall Street is supported after increased demand for bonds
Wall Street futures rose more than 1 percent on Tuesday as falling U.S. Treasury yields boosted demand for stocks and investors awaited more economic data to gauge the path of monetary tightening.
Data on jobs and factory orders will take center stage after the market opens, a day after weaker-than-expected manufacturing activity showed rate hikes tamed demand for commodities.
Government bond yields fell on expectations that the Federal Reserve would slow growth, but Bank of New York President John Williams said that while there were signs of deflation, price pressures remained too high, meaning the U.S. central bank It must move forward.
Investors will continue to closely monitor comments from Fed speakers including New York President John Williams, Cleveland President Loretta Meester and Governor Philip Jefferson.
"With earnings starting next week, it will be interesting to see how much inflation actually affects earnings," said Melissa Brown, head of global applied research at Deutsche Boerse's Contigo.
"If earnings don't come as expected and you combine that with continued higher interest rates and therefore lower justified valuations, that's not a good combination for a market recovery."
Stocks rebounded on the first trading day of the quarter, trailing the S&P 500.
SPX
The lowest close in nearly two years on Friday, ending its worst monthly performance since March 2020.
It jumped 8.8 percent and maintained its full-year target of 25,000 after the electric car maker said it produced 7,363 units in the third quarter, up 67 percent from the previous quarter.
Tesla Inc., which was hit in the previous session by disappointing quarterly vehicle deliveries, returned 3.6 percent from its strongest sales in four months.
technical analysis:
In the previous analysis, it was mentioned that the break is in the range of 28,600-28,350 units, which determines the next drop.
The trend reacted by touching this range, and with this move, it showed that the downward movement that started from the September 19 peak was completed at the October 3 bottom, and the sellers' montum is weakening further.
In the future, we can expect growth and at least one correction up to the ranges of 30253 units and 30651 units.
Data on jobs and factory orders will take center stage after the market opens, a day after weaker-than-expected manufacturing activity showed rate hikes tamed demand for commodities.
Government bond yields fell on expectations that the Federal Reserve would slow growth, but Bank of New York President John Williams said that while there were signs of deflation, price pressures remained too high, meaning the U.S. central bank It must move forward.
Investors will continue to closely monitor comments from Fed speakers including New York President John Williams, Cleveland President Loretta Meester and Governor Philip Jefferson.
"With earnings starting next week, it will be interesting to see how much inflation actually affects earnings," said Melissa Brown, head of global applied research at Deutsche Boerse's Contigo.
"If earnings don't come as expected and you combine that with continued higher interest rates and therefore lower justified valuations, that's not a good combination for a market recovery."
Stocks rebounded on the first trading day of the quarter, trailing the S&P 500.
SPX
The lowest close in nearly two years on Friday, ending its worst monthly performance since March 2020.
It jumped 8.8 percent and maintained its full-year target of 25,000 after the electric car maker said it produced 7,363 units in the third quarter, up 67 percent from the previous quarter.
Tesla Inc., which was hit in the previous session by disappointing quarterly vehicle deliveries, returned 3.6 percent from its strongest sales in four months.
technical analysis:
In the previous analysis, it was mentioned that the break is in the range of 28,600-28,350 units, which determines the next drop.
The trend reacted by touching this range, and with this move, it showed that the downward movement that started from the September 19 peak was completed at the October 3 bottom, and the sellers' montum is weakening further.
In the future, we can expect growth and at least one correction up to the ranges of 30253 units and 30651 units.
Trade closed: target reached