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WALL STREET INDEXES TRY TO TURN AROUND THEIR FROWNS
After falling on Monday, all three of Wall Street's major indexes are looking for a bounceback on Tuesday with Nasdaq .IXIC leading gains thanks in no small part to technology stocks.
After its dramatic sell-off sent shivers beyond crypto markets on Monday, bitcoin BTC= is looking to stage a comeback on Tuesday with a 4% gain so far.
In a quiet day for data, stand-out individual stocks included Boeing BA.N, which is climbing 5% after its finance chief said the planemaker expects an increase in deliveries of its 737 and 787 jets next year. Its move is helping to boost the S&P 500 industrial index .SPLRCI.
Of the S&P 500's 11 major sectors, technology .SPLRCT is up more than 1% and by far the biggest boost for the benchmark index. Helping technology are some usual suspects - Nvidia NVDA.O, Broadcom AVGO.O and Apple AAPL.O as well as smaller AI stocks, Palantir PLTR.O and AppLovin APP.O.
Consumer staples .SPLRCS is the biggest drag with Procter & Gamble PG.N the sector's biggest weight.
In a reversal of Monday's trend, energy .SPNY is the sector with the biggest percentage decline with oil prices falling after Monday's gains.
And with earnings season mostly wound down, the next big news for investors will likely be Friday's release of the Personal Consumption Expenditures (PCE) Index data from the U.S. Bureau of Economic Analysis. PCE is the preferred gauge of inflation for the Federal Reserve, which holds its policy meeting next week.
Here is your morning snapshot from 10:03 a.m. ET/1503 GMT:
(Sinéad Carew)
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