On Tuesday, Wall Street futures rose more than 1 per cent as a pullback in US Treasury yields boosted the demand for stocks, with investors awaits for more economic data to gauge the monetary tightening path.

Data on factory orders and jobs opening would be in focus after the market opens, a day after weaker-than-expected manufacturing activity displayed growing rates taming demand for goods.

Federal Reserve might slow down as yields on government bonds fell on expectations. Still, Bank of New York President John Williams said while there are nascent signs of cooling inflation, price pressures remain too high, implying the U.S. Central bank must press forward.

On the first trading day of the final quarter, the stock rebound follows the S&P 500’s lowest close in nearly two years on Friday, which capped its worst monthly performance since March of 2020.

At 06:26 a.m. ET, Dow e-minis were up 445 points, or 1.51 per cent, S&P 500 e-minis were up 65.75 points, or 1.78 per cent, and Nasdaq 100 e-minis were up 248.25 points, or 2.2 per cent. The yield on the 10-year U.S. Treasury slipped to near two-week lows, raising rate-sensitive growth stocks.

Mega cap stocks like Microsoft Corp (NASDAQ: MSFT), Apple Inc (NASDAQ: AAPL), NVidia (NASDAQ: NVDA), and Alphabet (NASDAQ: GOOGL) Inc Corp rose between 2.0 and 3.1 per cent.
After the electric-vehicle manufacturer Rivian Automotive reported its sale of 7, 363 units in the third quarter 67 per cent higher than the previous year, the company jumped to 8.8 per cent.