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Nasdaq, S&P 500 Eye Rebound While Bitcoin Edges Down: Amazon’s Q3 Lifts Tech Stocks As Traders Eye Fed’s Favorite Inflation Gauge

As Amazon, Inc. (NASDAQ:AMZN) hawked good tidings, the negative sentiment in the equity market appears to have reversed. The recovery could be in part due to traders looking for bargains following a two-day slump seen in the market.

AAPL

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Asia Mixed, Europe Slides, Crude Under $85 While Gold Hovers Around $2K – Global Markets Today While US Was Sleeping

On Tuesday, October 24, U.S. stock markets closed higher as investor sentiment improved due to favorable corporate earnings. Under economic data, the U.S. manufacturing PMI rose to 50 in October, beating expectations, while the Services PMI increased to 50.9 in the same month, compared to 50.1 in the previous month.

ADIV

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US Stock Futures Surge Ahead Of Microsoft, Google Earnings: Analyst Says ‘Magnificent Seven’ Unlikely To See Tesla-Like Volatility After Results

Buoyed by earnings optimism, stocks appear on track for a positive open on Tuesday after the tech-heavy Nasdaq Composite Index snapped a four-day losing streak in the previous session. The uptick in bond yields could reignite anxiety among traders. although earnings will likely be front and center in Tuesday’s session. Mega-caps Alphabet, Inc.

ADM

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Asia And Europe Markets Slide, Crude Oil Cools Off And Gold Hovers Around $2K – Global Markets Today While US Was Sleeping

On Friday, October 20, U.S. stock markets closed in red as investors worried about potential interest rate increases and the expanding Israel-Hamas conflict. All 11 S&P 500 sectors experienced declines, with technology and financials leading the downturn. The third-quarter U.S. earnings season is in full swing, with 86 S&P 500 companies having reported their results.

ADIV