Investors will closely monitor Wednesday’s inflation data to gauge if price pressures are running hot.
Stock futures edged higher in overnight trading Tuesday following a sharp rebound in technology shares amid falling bond yields. Futures on the Dow Jones Industrial Average rose 40 points. S&P 500 futures gained 0.1% and Nasdaq 100 futures climbed 0.2%. On Tuesday, the Nasdaq Composite climbed 3.7% to post its best day since November as investors poured back into popular growth names after a recent pullback. Tesla surged 19.6% for its biggest one-day pop since February 2020. Apple and Facebook popped more than 4% each, while Amazon rallied 3.8%. The tech-heavy benchmark had fallen into correction territory on Monday, or down more than 10% from its recent high.
