Asian equities held firm overnight and Wall Street futures rebounded due to better-than-expected earnings from Amazon, which lifted the company's shares about 14% in after-market trade
It marked the company's worst one-day loss since its Wall Street debut in 2012
Big tech stocks such as Alphabet Inc and Microsoft Corp fell about 0.5% and 1.0%, respectively, while Amazon.com Inc, scheduled to report results later in the day, declined 6.3%
Investors also shrugged off the pace of central banks' interest rate hikes.
Stellar earnings from Google parent Alphabet after Wall Street closed on Tuesday lifted U.S. stock futures as crude oil rose and the dollar eased
Wall Street edged higher on Monday after a rise in European shares helped stabilize investor sentiment after a series of volatile sessions
Longer-term real rates remain deeply negative in many regions, supporting elevated prices for riskier assets
Asian stock markets were mixed Friday as traders looked ahead to data on U.S. employment costs that might influence Federal Reserve decisions on planned interest rate hikes.
The Federal Reserve on Wednesday signaled it is likely to raise US interest rates in March
In financial centers such as London, New York, and Beijing, investors are increasingly deciding that China is too big and too different to be lumped with developing countries
The S&P 500 was up 63.50 points, or 1.46%, at 4,413.43, and the Nasdaq Composite was up 170.15 points, or 1.26%, at 13,712.27
European lenders lost ground to US rivals during the pandemic because volatile markets boosted the earning power of US banks' outsized trading arms.
Wall Street's main indexes climbed after two turbulent sessions and ahead of the outcome of a Federal policy meeting, with a stellar outlook from Microsoft boosting technology stocks
All three major U.S. stock indices experienced a repeat of Monday's bumpy trading
The Dow Jones Industrial Average fell 94.28 points, or 0.27%, to 34,270.22, the S&P 500 lost 44.38 points, or 1.01%, to 4,365.75
Dow Jones Industrial Average was down 764.89 points, or 2.23%, at 33,599.61, the S&P 500 was down 115.61 points, or 2.62%, at 4,294.52
All three major U.S. stock indices closed the day in positive territory, after the Dow Jones Industrial Average had posted an over 1,000-point decline earlier in the day
All the 11 major S&P sectors declined in early trading, with nine of them falling more than 2% each
Shares were mostly lower in Europe and Asia on Monday after Wall Street logged its worst week since the pandemic began in 2020.
More than $1.7 trillion in value has been erased from the Nasdaq 100 in January, with the tech-heavy gauge entering a correction this week after falling more than 10% from a recent peak