Bargain Hunting May Contribute To Early Rebound On Wall Street

[ADVFN]( [[Global Email] World Daily Markets Bulletin]( Tuesday, 06 August 2024 09:07:28 [ADVFN Twitter]( [Monitor]( [Quote]( [Charts]( [News]( [Toplists]( [Boards]( US Market The major U.S. index futures are currently pointing to a higher open on Tuesday, with stocks likely to regain ground after moving sharply lower over the past few sessions. Bargain hunting may contribute to early strength on Wall Street, as some traders look to pick up stocks at relatively reduced levels. The sell-off seen in recent days has dragged the Nasdaq and the S&P 500 down to three-month lows amid concerns about the outlook for the U.S. economy. A positive reaction to some of the latest corporate earnings news may also generate early buying interest, with shares of Uber (UBER) spiking by 8.9 percent in pre-market trading after the ride-sharing company reported better than expected second quarter results. Industrial equipment maker Caterpillar (CAT) is also likely to see initial strength after reporting second quarter results that exceeded analyst estim... [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]( --------------------------------------------------------------- Europe European stocks were little changed on Tuesday after having hit six-month lows in the previous session on heightened Middle East tensions, an unwinding of yen carry trades, lukewarm tech earnings, and concerns about slowing U.S. economic growth. The pan European STOXX 600 was marginally lower at 486.86 after logging its steepest three-day decline since June 2022 on Monday. The German DAX slipped 0.1 percent, France's CAC 40 shed 0.6 percent and the U.K.'s FTSE 100 was down 0.4 percent. The dollar ed... [Read More]( --------------------------------------------------------------- Asia Asian stocks recovered some lost ground on Tuesday after a brutal global sell-off the day before on heightened Middle East tensions, an unwinding of yen carry trades, lukewarm tech earnings, and concerns about slowing U.S. economic growth. The Japanese yen snapped a five-day gain and gold edged down slightly, while oil rebounded from seven-month lows on concerns about supply disruptions from rising tensions in the Middle Ea... [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.]( --------------------------------------------------------------- Commodities Crude oil futures are slipping $0.40 to $72.54 a barrel after falling $0.58 to $72.94 a barrel on Monday. Meanwhile, aft... [Read More]( --------------------------------------------------------------- To unsubscribe from this news bulletin or edit your mailing list settings click [here](. Registered Office/Accounts Dept: Suite 27, Essex Technology Centre, The Gable, Fyfield Road, Ongar, CM5 0GA. Customer Support +1 888-992-3836. Company registered in England and Wales: Number 2374988 VAT No. GB 549 2130 49