- US stocks attempted a rebound on Tuesday after suffering a two-day sell-off that sent the
S&P 500 to a one-year low. - Risk assets from bitcoin to stocks bounced in early Tuesday trades as interest rates fell considerably.
- First-quarter earnings results continue to roll-in, and so far 77% of companies that have reported so far have beat profit estimates, according to Fundstrat.
US stocks attempted a rebound on Tuesday after the market fell 4% between Friday and Monday as investors fear an economic recession is around the corner.
Helping fuel the rally in risk-assets on Tuesday was a considerable decline in interest rates, with the 10-year US treasury yield falling 12 basis points to just under 3%.
Meanwhile, first-quarter earnings continue to roll in, with about 88% of S&P 500 companies having already reported results. Of those companies, 77% are beating profit estimates by a median of 8%. Additionally, 72% of those companies are beating revenue estimates by a median of 5%, according to $4
Here's where US indexes stood shortly after the 9:30 a.m. ET open on Tuesday:
- S&P 500>$4: 4,066.98, up 1.9%
- Dow Jones Industrial Average>$4: 32,712.31, up 1.45% (466.61 points)
- Nasdaq Composite>$4: 11,922.90, up 2.55%
JPMorgan's top strategist Marco Kolanovic is sticking to his bullish guns and thinks investors should take advantage of the recent decline, $4 and that the sell-off appears overdone.
The wild $4 in commodities prices $4 that would hit global financial institutions hard, the $4 has warned, as it rang the alarm bell over worsening trading conditions in major
Terra Network's $4 token $4, after sister stablecoin TerraUSD lost its peg to the $4 for the second time in as many days. TerraUSD is an algorithmic stablecoin whose value is fixed to $1. Unlike traditional stablecoins that are backed up by fiat currency and hard assets — including government bonds or even gold — UST, as it's known, has its value set by a computer algorithm.
Grindr, the world's largest dating app for LGBTQ+ people, is $4 with Tiga Acquisition Corp., a special-purpose acquisition company. The company is being valued at $2.1 billion.
$4 post-pandemic decline continued on Tuesday, with the $4 after it reported fiscal third-quarter earnings that missed analyst estimates.
$4 oil fell as much as much as 0.77% to $102.30 per barrel. $4, oil's international benchmark, fell as much as 0.86% to $105.03.
Bitcoin rose 4.94% to $32,156. Ether prices jumped 5.83% to $2,433.
$4 rose as much as 0.19% to $1,861.60 per ounce. The yield on the 10-year Treasury fell 11 basis points to 2.97%.