Wall Street set to rebound after three-day slump on rate-hike angst



(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.)

* AMC gains on strong Q1 as cinema-goers return

* Peloton shares crushed as CEO says business "thinly capitalized"

* Futures up: Dow 0.76%, S&P 0.93%, Nasdaq 1.55%

By Amruta Khandekar

May 10 (Reuters) - Wall Street's main indexes were set to open higher on Tuesday, with investors buying into beaten-down banks and megacap growth stocks after a three-day selloff on concerns around aggressive monetary tightening and slowing economic growth.

Amazon.com AMZN.O , Facebook parent Meta Platforms FB.O , Apple Inc AAPL.O , Microsoft Corp MSFT.O , Google owner-Alphabet Inc GOOGL.O and Tesla Inc TSLA.O climbed between 1.4% and 2.1% in premarket trading.

Morgan Stanley MS.N advanced 1% to lead gains among the big banks.

On Monday, the benchmark S&P 500 index .SPX ended below 4,000 for the first time since late March 2021 and the tech-heavy Nasdaq .IXIC dropped more than 4%.

Both the indexes have dropped about 16% and 26%, respectively, this year due to the war in Ukraine, China's COVID-19 lockdowns roiling global supply chains and rising bond yields as traders adjust to higher U.S. interest rates.

"The market has really been in a down spin," said Sam Stovall, chief investment strategist at CFRA. "Today is really just sort of a short-term bounce from being close to oversold levels and maybe it's in anticipation of a less onerous CPI reading tomorrow and PPI reading on Thursday,"

"So investors, in a sense, are searching for a catalyst right now to indicate that either the worst is behind us or there's more pain ahead."

Data on Wednesday is expected to show consumer prices increased at a slower pace in April, with investors looking for signs of peaking inflation.

New York Fed President John Williams said on Tuesday the Fed's aim of bringing inflation down to its goal without derailing the economy is challenging but doable amid heightened uncertainty on the path of price pressures caused by the war in Ukraine and COVID pandemic.

At 8:17 a.m. ET, Dow e-minis 1YMcv1 were up 243 points, or 0.76%, S&P 500 e-minis EScv1 were up 37 points, or 0.93%, and Nasdaq 100 e-minis NQcv1 were up 188.75 points, or 1.55%.

Among other stocks, AMC Entertainment AMC.N rose 3.4% after it posted better-than-expected quarterly revenue and a narrower loss, as the release of big-ticket films such as "The Batman" drew crowds to movie halls of the world's largest theater chain.

Novavax Inc NVAX.O plunged 22% after the vaccine maker revealed a sharp drop in first-quarter COVID-19 research funding and said it shipped less than a fourth of the total vaccine deliveries slated for 2022.

Peloton Interactive Inc PTON.O tumbled 24.2% as the fitness equipment maker said the business was thinly capitalized after it posted a 23.6% slide in quarterly revenue.



Big Tech & growth stocks lose over $1 trillion in market
capitalization since Fed hike in May Link



Reporting by Amruta Khandekar and Devik Jain in Bengaluru;
Editing by Sriraj Kalluvila

免責聲明: XM Group提供線上交易平台的登入和執行服務,允許個人查看和/或使用網站所提供的內容,但不進行任何更改或擴展其服務和訪問權限,並受以下條款與條例約束:(i)條款與條例;(ii)風險提示;(iii)完全免責聲明。網站內部所提供的所有資訊,僅限於一般資訊用途。請注意,我們所有的線上交易平台內容並不構成,也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。

所有缐上交易平台所發佈的資料,僅適用於教育/資訊類用途,不包含也不應被視爲適用於金融、投資稅或交易相關諮詢和建議,或是交易價格紀錄,或是任何金融商品或非應邀途徑的金融相關優惠的交易邀約或邀請。

本網站的所有XM和第三方所提供的内容,包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接,皆爲‘按原狀’,並作爲一般市場評論所提供,而非投資建議。請理解和接受,所有被歸類為投資研究範圍的相關内容,並非爲了促進投資研究獨立性,而根據法律要求所編寫,而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊,相關詳情請點擊 這裡查看。

我們運用 cookies 提供您最佳之網頁使用經驗。更改您的cookie 設定跟詳情。

風險提示:您的資金存在風險。槓桿商品並不適合所有客戶。請詳細閱讀我們的風險聲明