© Reuters.
By Liz Moyer
Investing.com — U.S. stocks bounced again on Tuesday, with cooling Treasury yields giving a boost to big tech stocks as investors awaited this week’s report on jobs for September.
At 10:05 ET (14:05 GMT) the was up 729 points, or 2.5%, while the was up 2.7% and the was up 3.2%.
The Dow jumped 765 points on Monday to start the month after September’s miserable performance. Stocks are coming back now that the Federal Reserve has raised another 0.75 percentage point, but investors are still trying to guess .
The Fed doesn’t meet again until November. Until then, corporate earnings will roll out in the coming weeks, giving investors a glimpse at business conditions and the outlook. Already companies have reported pinched margins because of rising costs and changing consumer behavior because of inflation.
The number for August was 10.05 million, slightly below expectations and below the 11.1 million for July.
The yield on the fell to around 3.615%. It was more than 4% as recently as last week.
OPEC is expected to cut production when it meets with allies later this week, with some expecting a cut of one million barrels. That is lifting oil prices. is up 2.2%, to $85.45 a barrel, while crude is up $90.89 a barrel. rose 1.2% to $1723 an ounce.
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