U.S. Stocks Rebound

Created by : News Desk View profile

warholdollar2Shubham Batra and Shashwat Chauhan

Summary

  • Uber jumps after Q2 revenue beat
  • Caterpillar rises after Q2 profit beat
  • Indexes up: Dow 0.82%, S&P 1.34%, Nasdaq 1.42%

Aug. 6 (Reuters) - Wall Street's main stock indexes rose more than 1% on Tuesday, as investors looked for bargains after a global stock selloff and dovish comments from Federal Reserve officials lifted market sentiment.

All of the S&P 500's sub-indexes advanced, led by the real estate sector that was up 1.8%.

Both the S&P 500 and the Nasdaq Composite posted losses of at least 3% each in the previous session after weak economic data raised worries of a U.S. recession and the unwinding of sharp positions of carry trades that fund high-yielding assets.

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