U.S. stock index futures edged higher on Tuesday, looking to bounce back from two sessions of declines triggered by pessimism around global growth.
NEW YORK: U.S. stocks were higher in afternoon trading on Tuesday and financials looked set to snap a five-day losing streak as Treasury yields mostly stabilized following recent losses.
The stock market's gains came after two sessions of declines, triggered by fears of slowing global economic growth and recession worries following the inversion of a closely watched part of the Treasury yield curve. Apple Inc shares were down 0.6 percent, reversing earlier gains. On Monday, the iPhone maker unveiled its video streaming service, a credit card and an online gaming arcade.The Dow Jones Industrial Average rose 78.39 points, or 0.31 percent, to 25,595.22, the S&P 500 gained 11.57 points, or 0.41 percent, to 2,809.93 and the Nasdaq Composite added 29.42 points, or 0.39 percent, to 7,666.96.
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