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Benzinga
Benzinga
Business
Shanthi Rexaline

US Stocks Look Set To Rally As Futures Spike On Hope Of Fed Easing Hawkish Tone — Apple, Tesla, Rivian Shoot Up Premarket

The major U.S. index futures are pointing to a strong opening on Wall Street on Tuesday, as stocks attempt to carry on the momentum from the previous session.

On Monday, the major averages rallied after weak manufacturing reading and construction spending data triggered hopes of a measured pace of rate hikes. Sentiment also received a lift from falling bond yields.

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