Wall Street Rebounds as Dow, S&P 500, and Nasdaq Futures Rise

Investors welcomed a rebound in the US stock market today as Dow futures were up 120 points, S&P 500 gaining 0.4%, and Nasdaq futures rising 0.5%. The positive momentum was fueled by upbeat earnings and a dip in Treasury yields below 4.65%.

Despite recent tech sell-offs, the stock market showed resilience with modest gains in Dow, S&P 500, and Nasdaq futures. Investors were closely monitoring signals from the jobs market and assessing the valuations of AI companies.

The Supreme Court’s probe into tariff arguments and AMD’s role in sparking an AI rebound contributed to a 200-point increase in the Dow Jones Industrial Average. S&P 500 and Nasdaq also saw marginal gains, indicating a positive start to November.

While concerns over AI valuations persisted, solid data and strong earnings helped offset these worries. Wall Street closed higher as investors embraced positive developments and focused on key events like Tesla’s shareholder meeting.

Overall, the stock market showed resilience and optimism as Wall Street capped off a winning month with strong performances from tech giants like Amazon and Nvidia. The focus on earnings, AI developments, and the Federal Reserve’s actions kept investors engaged and optimistic about the future.