Wall Street Sees Gains Amid Earnings Focus

Following a significant selloff on Monday, Wall Street's major indexes opened higher on Tuesday, as investors shifted their focus to the upcoming third-quarter earnings reports and inflation data. The Dow Jones Industrial Average rose 68.4 points (0.16%), the S&P 500 increased by 23.2 points (0.41%), and the Nasdaq Composite climbed 94.0 points (0.52%). This rebound comes after a rough previous session driven by rising Treasury yields and geopolitical tensions in the Middle East, which caused all three indexes to drop by approximately 1%. Analysts are particularly keen on the consumer price index data set to be released later this week, which could provide insights into potential Federal Reserve interest rate cuts. While sectors like information technology saw gains, energy stocks fell by over 2%, indicating mixed performance across the market. Overall, investors are cautiously optimistic as they await critical financial indicators to inform their strategies.