On the fly News and insights, exclusive to thefly.com

Market Commentary

Stocks rebounding sharply from two day rout

10:06

Stock futures were strong throughout the early session, leading to a sharp rebound at the open. Though a rebound is not totally unexpected given the sharp selloff of the last two days, whether the market can hold onto its gains is more of a question. The third quarter earnings season kicked off with some of the major banks reporting as companies should see benefits from tax reform, strength in the economy and share buybacks. Oil prices continue to rise and are now up more than 1% in early trading. About 35 minutes into trading, the S&P is up 45 points, the Dow is up 344 points and the…

Stock futures were strong throughout the early session, leading to a sharp rebound at the open. Though a rebound is not totally unexpected given the sharp selloff of the last two days, whether the market can hold onto its gains is more of a question. The third quarter earnings season kicked off with some of the major banks reporting as companies should see benefits from tax reform, strength in the economy and share buybacks. Oil prices continue to rise and are now up more than 1% in early trading. About 35 minutes into trading, the S&P is up 45 points, the Dow is up 344 points and the Nasdaq is up 177 points.

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.