The mood on Wall Street turned tentative on Tuesday as investors awaited earnings reports from the “Magnificent 7,” companies that fueled much of the market’s upside since 2023. Index futures rose slightly in early trading. Asian markets closed mostly higher, while European markets started on a firmer footing. Commodities pulled back, and bond yields held steady.
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After Monday’s lackluster performance, stocks are poised to resume their rally, with futures indicating a higher opening for Tuesday’s session. Traders are optimistic about further gains ahead, showing little caution amidst expectations for another stellar corporate reporting season and hopes of the Fed embarking on rate-cutting.
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