Traders Try To Build On Monday Gains| MENAFN.COM

Thursday, 01 December 2022 10:04 GMT

Traders Try To Build On Monday Gains

(MENAFN- Traders Try to Build on Monday Gains


Stock futures surged Tuesday as Wall Street aimed to build on a sharp rally seen in the previous session.
Futures the 30-stock index soared 381 points, or 1.3%, to 29,919.
Futures for the S&P 500 jumped 57 points, or 1.5%, to 3,747.25.
Futures for the NASDAQ Composite vaulted 213.25 points, or 1.9%, to 11,499.
Monday brought a respite from slides seen throughout September and the prior quarter. The Dow jumped nearly 2.7%, or about 765 points. It was its best day since June 24.
The S&P 500 advanced about 2.6% in its best day since July 27. The Nasdaq Composite increased roughly 2.3%.
Shares of Credit Suisse rose 4% in Tuesday pre-market trading after falling as much as 10% the prior day.
The stock tumbled on Monday, before rebounding to close down nearly flat, after a Financial Times report said Credit Suisse executives are reassuring major investors on the financial health of the Swiss bank. Shares are down roughly 60% this year.
Investors will watch for new data Tuesday from the Job Openings and Labor Turnover Survey administered by the Bureau of Labor Statistics.
In Japan, the Nikkei 225 rocketed 3%, while in Hong Kong, the Hang Seng was closed for holiday.
Oil prices took on $1.15 to $84.78 U.S. a barrel.
Gold prices advanced $14.90 to $1,716.90 U.S. an ounce.


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