Traders
work
on
the
floor
of
the
New
York
Stock
Exchange
during
morning
trading
on
February
23,
2024
in
New
York
City.
Michael
M.
Santiago
|
Getty
Images
Stock
futures
were
higher
on
Tuesday
evening
after
Wall
Street
snapped
a
three-day
string
of
declines.
Futures
tied
to
the
S&P
500
gained
0.6%,
while
Nasdaq
100
futures
jumped
0.9%.
Dow
Jones
Industrial
Average
futures
rose
215
points,
or
about
0.55%.
In
after-hours
trading,
shares
of
Super
Micro
Computer
pulled
back
more
than
13%
after
the
server
company’s
fiscal
fourth-quarter
earnings
missed
analyst
estimates.
Airbnb
slipped
16%
after
issuing
disappointing
second-quarter
results.
During
Tuesday’s
regular
trading,
the
major
averages
ended
three
consecutive
days
of
declines.
The
S&P
500
and
the
Nasdaq
Composite
each
advanced
1%,
while
the
30-stock
Dow
added
nearly
300
points.
On
Monday,
the
Dow
and
the
broad-market
S&P
500
posted
their
worst
session
since
2022,
fueled
by
recession
worries
and
the
unwinding
of
the
yen
carry
trade.
The
staying
power
of
Tuesday’s
rebound,
which
lifted
all
11
sectors
of
the
S&P
500,
remains
to
be
seen.
Tumultuous
times
are
likely
still
ahead,
according
to
LPL
Financial
chief
global
strategist
Quincy
Krosby.
“The
lingering
question
now
is
whether
the
concerns
that
pushed
the
market
into
a
cascade
of
selling
are
alleviated,”
she
said.
“Pockets
of
volatility
are
expected
to
continue
as
August
and
September
give
way
to
a
calmer
seasonal
period,
however,
it’s
important
to
remember
pockets
of
opportunity
are
always
on
the
other
side
of
the
storm.”
Investors
may
find
some
optimism
in
the
second-quarter
earnings
season
overall,
according
to
Vital
Knowledge
founder
Adam
Crisafulli.
“We’ve
had
some
earnings
reports
out
in
the
past
12
hours
that
have
been
a
little
bit
encouraging,”
he
said
on
CNBC’s
“Closing
Bell:
Overtime”
Tuesday.
“There
definitely
has
been
a
slowing
and
cooling
of
the
economy,
but
corporate
America
is
evolving
in
response
to
it
and
they’re
generating
reasonably
healthy
earnings.”
Earnings
season
continues
in
earnest
on
Wednesday
with
Disney
and
CVS
Health
reporting
before
the
opening
bell.
Results
from
Shopify
and
Novo
Nordisk
are
also
on
deck.
