A Nasdaq market maker works at the Nasdaq Market site in New York, May 2, 2019.Stock futures edged higher in overnight trading Tuesday following a sharp rebound in technology shares amid falling bond yields.
On Tuesday, the Nasdaq Composite climbed 3.7% to post its best day since November as investors poured back into popular growth names after a recent pullback.surged 19.6% for its biggest one-day pop since February 2020. Apple and Facebook popped more than 4% each, while Amazon rallied 3.8%. "Corrections ... create natural inflection points for traders," said Chris Larkin, managing director of trading and investing product at E-Trade Financial. "Let's not forget that less than a year ago traders interpreted one of the biggest negative macro events in market history as a buying opportunity, so there's little reason to think otherwise given all the positive signals around us today."slid more than 5 basis points to 1.54% after trading as high as 1.
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