⚡ Easily Trade – Apple, Microsoft, Tesla and Google Stocks – Open a FREE Account Here


Stock Market to Open High as It Rebounds

After a difficult week and half, the market is starting to rebound coming into corporate earnings season. All of the major stock market indices closed up on Monday evening.

The Dow Jones ended Monday’s trading session with an increase of 0.67%. The Nasdaq Composite had the largest gain, with an increase of 1.11%, followed by the S&P 500 with an increase of 0.87%.

BrokerReviewRegulatorsMin DepositWebsite
🥇Read ReviewASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSAUSD 100Visit Broker >>
🥈Read ReviewFMA, FSAUSD 50Visit Broker >>
🥉Read ReviewFSCA, CySEC, DFSA, FSA, CMAUSD 0Visit Broker >>
4Read ReviewCySEC, MISA, FSCAUSD 5Visit Broker >>
5Read ReviewFCA, CySEC, FSCA, SCBUSD 100Visit Broker >>
6Read ReviewFCA, FINMA, FSA, ASICUSD 0Visit Broker >>
7Read ReviewCySEC, FCA, FSA, FSCA, Labuan FSAUSD 100Visit Broker >>
8Read ReviewCBCS, CySEC, FCA, FSA, FSC, FSCA, CMAUSD 10Visit Broker >>
9Read ReviewASIC, CySEC, FSCA, CMAUSD 100Visit Broker >>
10Read ReviewIFSC, FSCA, ASIC, CySECUSD 1Visit Broker >>


We expect the markets to continue to stay high today as a number of companies start to show off their earnings reports. JetBlue, General Electric, Texas Instruments, Visa, and many more will be releasing earnings reports this week, and we anticipate a very active market as a result.

A number of these reports could skew negatively, and that may bring the overall market down by the end of the day, but there is plenty of opportunity for gain among the dozens of companies that will be releasing reports, including PepsiCo and Philip Morris.

Where to Focus Trading

Some of the biggest returns are likely to be found with tech companies, especially those that are involved in the AI industry. That is where we have seen some of the hottest trading this year, and this trend is definitely expected to continue for the foreseeable future.

Keep in mind that the bounce from Monday that is likely to continue today may be a short term one. A positive outlook for the stock market is not sustainable at the moment, considering how high inflation is and how negative many of the economic factors now.

US Manufacturing PMI and the Composite PMI have provided the market with mixed results. Manufacturing PMI edged lower, showing positive signs of growth, while the Composite PMI inched lower as well. This kind of mild reading will keep the stock market back from strong, sustained growth and will instead result in short-term rebounds like what we are seeing today.


Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies
Timothy St. John
Timothy St. John
Financial Writer - European & US Desks
Timothy St John is a seasoned financial analyst and writer, catering to the dynamic landscapes of the US and European markets. Boasting over a decade of extensive freelance writing experience, he has made significant contributions to reputable platforms such as Yahoo!Finance, business.com: Expert Business Advice, Tips, and Resources - Business.com, and numerous others. Timothy's expertise lies in in-depth research and comprehensive coverage of stock and cryptocurrency movements, coupled with a keen understanding of the economic factors influencing currency dynamics. Timothy majored in English at East Tennessee State University, and you can find him on LinkedIn.
Related Articles