"US Stocks Rise Modestly After Monday's Selloff"

US stocks ended Tuesday with modest gains after declining the previous day. The Standard and Poor's five hundred rose zero point two percent, the Dow Jones Industrial Average added zero point four percent, and the Nasdaq Composite climbed zero point six percent. This followed Monday's broader selloff, which saw the Standard and Poor's five hundred drop zero point fifty-three percent, the Dow Jones fall zero point ninety percent, and the Nasdaq slide zero point thirty-eight percent.

Treasury yields ticked higher, with the ten year reaching four point zero nine percent, which pressured equities yesterday. In corporate news, MongoDB surged after delivering better than expected results with adjusted earnings per share of one dollar and thirty-two cents versus estimates of seventy-nine cents, while Credo Technology also soared after reporting earnings per share of sixty-seven cents against forty-eight cents expected. Meanwhile, utilities suffered notably yesterday, posting their worst single day return since April two thousand twenty-five, declining two point thirty-four percent.

Asian markets showed mixed performance overnight, with Japan's Nikkei relatively flat at forty-nine thousand three hundred and three, while Europe's German DAX rose one hundred and ninety-two points to twenty-three thousand seven hundred and eighty-one.

Looking ahead, Wall Street is keenly focused on Friday's release of the Personal Consumption Expenditures Index, the Federal Reserve's preferred inflation gauge. The Federal Reserve is widely expected to cut interest rates by twenty-five basis points at its meeting on December ninth and tenth, with markets pricing in an eighty to ninety percent probability. This anticipation of rate cuts has boosted expectations for growth and technology stocks.

In premarket action today, futures edged slightly higher with light trading volumes, as investors await the critical economic data scheduled for later this week. Major earnings releases continue through this week, with several companies reporting after market close.

Thank you for tuning in and please remember to subscribe. This has been a quiet please production, for more check out quiet please dot ai.

For great deals check out https://amzn.to/403yeYo

This content was created in partnership and with the help of Artificial Intelligence AI