The three major New York stock market indices rebounded simultaneously.
In particular, the Nasdaq and the S&P 500, which started lower, turned into slight gains, while the Dow Jones Industrial Average closed up more than 1%.
By sector, healthcare rose by nearly 2%, while materials and consumer discretionary led the market with gains of over 1%.
Despite inflation indicators exceeding expectations and concerns over an AI investment bubble, bargain-hunting inflows toward the end of the session allowed the New York stock market to successfully rebound across the board.
The September Producer Price Index (PPI) rose 6.3% compared to the same period last year, marking the highest level since 2022, and heightening vigilance over the Federal Reserve's potential additional tightening.
Retail sales for September, released at the same time, also showed signs of underlying consumption slowdown, with the exception of a sharp surge in gas station sales driven by rising oil prices.
Next is the U.S. futures market.
Amid persistent U.S. inflationary pressures and concerns over debt burdens among AI companies, stock index futures are showing a mixed trend as sentiment partially recovered following positive remarks from NVIDIA CEO Jensen Huang.
Dow futures are trading slightly higher in the 52,000 range, while Nasdaq 100 futures are currently experiencing the steepest decline, dropping 65 points.
S&P 500 futures are trading in the 7,700 range.
Looking at Russell 2000 futures, which focus on small- and mid-cap stocks, expectations that falling U.S. Treasury yields could ease financing burdens for smaller companies led to the Russell 2000 futures recording the 2,700 level yesterday.
While falling U.S. Treasury yields eased pressure on the stock market despite inflationary pressures, 10-year U.S. Treasury futures stood at 5.07%.
In the commodity futures market, gold futures are rebounding, aided by declining U.S. Treasury yields and a weaker dollar.
Gold futures are maintaining an upward trend in the $4,152 per ounce range.
Reviewing the fluctuations of major U.S. stock futures by item, sentiment toward cloud company CoreWeave partially recovered following positive remarks from NVIDIA CEO Jensen Huang.
On the other hand, downward pressure is weighing on memory semiconductor-related stocks, including Micron, amid persistent concerns over competition with Chinese firms.
Meanwhile, Tesla traded down in the 0.7% range, whereas Microsoft futures and NVIDIA futures edged up slightly.
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