October 8, 2024 – 7:20 AM PDT
(Reuters) – Wall Street’s main indexes opened higher on Tuesday, as investors shifted their attention to the upcoming third-quarter earnings season and inflation data for hints on the Federal Reserve’s future rate decisions.
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The Dow Jones Industrial Average (.DJI) rose 11.06 points, or 0.03%, to 41,965.30, the S&P 500 (.SPX) gained 21.50 points, or 0.38%, to 5,717.44 and the Nasdaq Composite (.IXIC) gained 90.10 points, or 0.50%, to 18,014.00.
All three major indexes had tumbled roughly 1% on Monday, pressured by surging Treasury yields, escalating Middle East tensions, and a re-evaluation of U.S. rate expectations.
“We did (a) see strong sell off yesterday so it’s not unnatural to see a slight bounce, particularly as there’s a vacuum of fresh data today,” said Fiona Cincotta, senior market analyst at…
