Futures Pointing To Extended Rebound On Wall Street

[ADVFN]( [[Global Email] World Daily Markets Bulletin]( Tuesday, 23 April 2024 09:11:44 [ADVFN Twitter]( [Monitor]( [Quote]( [Charts]( [News]( [Toplists]( [Boards]( US Market Bitcoin [Bitcoin]( DAX [DAX]( Dow Jones [Dow Jones]( Nasdaq [Nasdaq]( The major U.S. index futures are currently pointing to higher open on Tuesday, with stocks likely to extend the rebound seen in the previous session. Traders may continue to look to pick up stocks at relatively reduced levels amid a positive reaction to some of the latest corporate earnings news. Shares of General Motors (GM) are moving sharply higher in pre-market trading after the auto giant reported first quarter results that exceeded analyst estimates on both the top and bottom lines. Snack and beverage giant PepsiCo (PEP) is also likely to see initial strength after reporting better than expected first quarter results. On the other hand, shares of JetBlue (JBLU) are seeing substantial pre-market weakness after the airline reported a narrower than expected first quarter loss but lowered its 2024 revenue forecast. Delivery giant UPS (UPS) may also move to the downside after reporting first quarter earnings that beat analyst estimates but weaker than expected sales. U.S. stocks climbed higher on Monday, with those from the technology sector turning in a fine performance, as traders indulged in some bargain hunting after recent losses. Easing worries about Middle East tensions helped underpin sentiment. The major averages all closed on a firm note. The Dow ended with a gain of 253.78 points or 0.7 percent at 38,239.98, more than 200 points off the day's high of 38,447.16. The S&P 500, which climbed to a high of 5,038.84, settled at 5,010.60, gaining 43.37 points or 0.9 percent, while the Nasdaq ended higher by 169.30 points or 1.1 percent at 15,451.31, off the day's high of 15,539.00. The market gained amid slightly easing fears of a wider Middl... [Read More]( --------------------------------------------------------------- Do you day trade? Trader Alerts streams stocks reaching new highs and lows as well as stocks breaking out of previous volume highs as they happen. It's a powerful tool for day trading ideas. [Learn More / Upgrade]( --------------------------------------------------------------- U.S. Economic Reports CADUSD [CADUSD]( Oil [Oil]( Gold [Gold]( EURUSD [EURUSD]( The Commerce Department is due to release its report on new home sales in the month of March at 10 am ET. Economists expect new home sales to rise to an annual rate of 668,000 in March after dipping t... [Read More]( --------------------------------------------------------------- Europe European stocks have moved higher on Tuesday after a survey showed that business activity in the euro zone expanded at its fastest pace in nearly a year this month. The composite PMI increased from 50.3 to 51.4 in April on the back of a buoyant recovery in the bloc's dominant service sector. Elsewhere in the U.K., a survey showed private sector activity in the country expanded for the sixth consecutive month in April. The composite PMI rose from 52.8 to 54.0, hitting an 11-month high. Expectations of interest rate cuts by the European Central Bank and the Bank of England also helped underpin investor sentiment. While the German DAX Index is up by 0.9 percent, the French CAC 40 Index is up by 0.3 percent and the U.K.?s FTSE 100 Index is nearly unchanged. Kuehne + Nagel International, a Swiss transport and logistics company, declined 2.6 percent after its first-quarter earning... [Read More]( --------------------------------------------------------------- [Sell every Stock except ONE]( Markets are down... But Jeff Clark couldn't care less because he ignores almost every stock in the market except ONE. He lives financially free trading this One Stock Once per month... [Ticker Revealed.]( --------------------------------------------------------------- Asia USDCAD [USDCAD]( USDEUR [USDEUR]( USDGBP [USDGBP]( USDJPY [USDJPY]( Asian stocks turned in a mixed performance on Tuesday as investors watched the latest developments in the Middle East and looked forward to earnings results from U.S. titans including Amazon, Apple, Netflix and General Motors for directional cues. Key U.S. growth and inflation data also remained on investors' radar ahead of the next Federal Open Market Committee meeting on April 30-May 1. The dollar index was sluggish while gold moved further away from its record high of $2,430 per ounce in an apparent easing of Iran-Israel tensions after the rivals launched missile attacks against each other. Crude oil prices edged up slightly as EU foreign ministers agreed in principle to expand sanctions on Iran. Chinese shares fell notably after reports that the head of its central bank wants creditors engaged in debt restructurings for emerging market countries to agree on how to fairly share the burden of relief. The benchmark Shanghai Composite Index dropped 0.7 percent to 3,021.98, while Hong Kong's Hang Seng index rallied 1.9 percent to 16,828.93 after a pledge by China's securities regulator to bolster the market. Japanese markets eked out modest gains, the yen edged up slightly from a 3... [Read More]( --------------------------------------------------------------- Commodities Crude oil futures are falling $0.72 to $81.18 a barrel. Meanwhile, gold futures are slumping $24.5 to $2,321.90 an ounce. On the currency front, the U.S. dollar is trading ... [Read More]( --------------------------------------------------------------- To unsubscribe from this news bulletin or edit your mailing list settings click [here](. 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