US stocks were higher on Tuesday, with the S&P 500 gaining 0.3%, the Nasdaq up 0.7%, and the Dow Jones adding about 20 points, attempting to rebound from Monday's losses. The risk-off mood that dominated the previous session eased, helped in part by a rebound in the Japanese bond market.
Traders are also awaiting a series of economic releases due this week, including the September PCE report, ahead of next week's FOMC meeting, where the Fed is widely expected to cut the federal funds rate by 25 bps. Market pricing places the odds of such a move at around 87%.
The tech sector booked the largest gains while energy and consumer staples lagged. Nvidia jumped almost 3%, Oracle soared 3.9% and Palantir Technologies also added more than 3%. Megacaps were also higher, including Microsoft (0.4%), Apple (0.5%), Alphabet (0.4%), Amazon (0.3%), Meta (0.2%), Broadcom (1.4%), and Tesla (0.4%).
Source : Trading Economics
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