"Futures are trading higher after a strong bounce-back Monday, with all major indices ending the day higher, as we started February on a winning note. Investors were able to look past the crypto and precious metals meltdowns, geopolitical hot spots around the world, some big retail and institutional investors' profit-taking, and a surge of additional issues to power stocks higher on Tuesday. The Dow Jones Industrials led the way on Monday, closing at 49,407, up 1.05%,"
"The energy complex was hammered on Monday as geopolitical risk premiums eased following signals of potential de-escalation in U.S.-Iran tensions, according to reports in Reuters and Barron's. President Trump's comments that Iran was "seriously talking" reduced fears of immediate supply disruptions in the Middle East, while a stronger dollar and weaker demand outlook also pressured prices. Brent Crude finished the day at $66.40, down 4.2%, while West Texas Intermediate closed at $62.26, down 4.52%."
"Yields were higher across the treasury curve as sellers showed up in full force to start February. Some on Wall Street cited investor anxiety over the nomination of a new Federal Reserve chair, potential government shutdowns, and expectations for upcoming economic data. The jobs report for Decemember, which was supposed to hit Friday has been postponed. The 30 year long bond finished the day at 4.91% while the benchmark 10 year note ended at 4.28%."
Futures and major U.S. indices rose after a strong Monday rebound, with the Dow at 49,407 (+1.05%), S&P 500 at 6,976 (+0.54%), Nasdaq at 23,592 (+0.56%), and Russell 2000 at 2,637 (+0.90%). Investors looked past crypto and precious metals meltdowns, geopolitical hot spots, profit-taking, and other issues. Treasury yields climbed across the curve amid investor anxiety over the nomination of a new Federal Reserve chair, potential government shutdowns, and delayed jobs data; the 30-year finished at 4.91% and the 10-year at 4.28%. Energy prices plunged as U.S.-Iran de-escalation signals, a stronger dollar, and weaker demand pressured Brent ($66.40, -4.2%), WTI ($62.26, -4.52%), and natural gas ($3.26, -25%). Massive selling hit precious metals.
Read at 24/7 Wall St.
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