(MENAFN- Baystreet.ca) Traders Try to Build on Monday Gains
Advertisment
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.
MENAFN04102022000212011056ID1104967188
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.