FX.co ★ US Stocks Rebound

On Tuesday, US stock indices showed an upward trend, with the S&P 500 rising by 0.3%, the Nasdaq increasing by 0.7%, and the Dow Jones climbing approximately 20 points, as they aimed to recover from Monday's downturn. The risk-averse sentiment prevalent in the previous trading session softened, partially due to a rally in the Japanese bond market. Investors are also anticipating several important economic reports to be released this week, including the September Personal Consumption Expenditures (PCE) report, ahead of the Federal Open Market Committee (FOMC) meeting next week. It is widely expected that the Federal Reserve will reduce the federal funds rate by 25 basis points, with market probability for this action standing at roughly 87%. The technology sector registered the largest gains, whereas energy and consumer staples sectors lagged behind. Notably, Nvidia surged nearly 3%, Oracle rose by 3.9%, and Palantir Technologies increased by over 3%. Leading tech giants also experienced gains, including Microsoft (0.4%), Apple (0.5%), Alphabet (0.4%), Amazon (0.3%), Meta (0.2%), Broadcom (1.4%), and Tesla (0.4%).