Traders on the floor of the NYSE Sept. 30, 2022.
Source: NYSE
Here are the most important news items that investors need to start their trading day:
1. A little relief
The weather was gloomy Monday in New York, but the markets, for a change, were not. Stocks rebounded sharply as investors sought to shake off a brutal September, which brought about new lows for the year. The Dow had its best day since June, and the S&P 500 had its best one since July. Futures looked strong and Treasury yields slipped Tuesday morning, as well. Time will tell whether any of this will last, however. Volatility is more the rule these days, even though the Federal Reserve has telegraphed that it will continue raising rates at an aggressive clip if inflation remains high. Read live market updates here.
Read more from CNBC PRO: Here’s what’s coming next for stocks
2. Crypto warning from the feds
U.S. Treasury Secretary Janet Yellen holds a news conference in the Cash Room at the U.S. Treasury Department in Washington, U.S. July 28, 2022.
Jonathan Ernst | Reuters
3. Poshmark sells for $1.2 billion
Rafael Henrique | LightRocket | Getty Images
4. Ukraine builds momentum
Ukraine President Volodomyr Zelenskyy said his nation’s forces continued to reclaim territory from fleeing Russian troops, saying “more and more losses are being inflicted on the enemy army.” He also said that several new Russian conscripts, whom Vladimir Putin called up in recent weeks, are already dying in battle. On top of that, Russia’s routine conscription cycle, which usually starts in early October, has been bumped to Nov. 1, according to British authorities. “The challenges of accommodating, training, equipping and deploying mobilised and conscripted personnel are significant,” the UK Defense Ministry posted on Twitter. “Deficiencies within the Russian administrative and logistical systems will continue to undermine these efforts.” Read live updates here.
Read more: Ukrainian diplomat tells Musk to ‘f— off’ after billionaire infuriates nation with Twitter poll
5. ‘We still have time’
A view of the 74th United Nations General Assembly on September 28, 2019 in New York City.
Kena Betancur | Getty Images News | Getty Images
Read more: Credit Suisse to remain ‘under pressure’ but analysts wary of Lehman comparison
– CNBC’s Alex Harring, Chelsey Cox, Annie Palmer, Holly Ellyatt and Su-Lin Tan contributed to this report.
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