United States stocks close higher after heavy weekly sell-off

E-mini NASDAQ-100 Index

US stock index futures fell ahead of Tuesday's open, pulling back from the sharp gains posted in the previous trading session.

The benchmarks, however, ended trading last session of the week on green, as Dow rose by 330 points on Friday and the S&P 500 and Nasdaq by more than 1.4%.

The S&P 500 rose 1.4 percent Monday with energy and financials as the top performing sectors.

Stocks mounted a broad rally Monday, with the Dow surging more than 400 points, as the market recovered from recent heavy losses triggered by concern over rising interest rates. The Nasdaq composite climbed 67 points, or 1 per cent, to 6,941.

Technology companies also rose. It measures the daily stock price movements of 30 large, publicly-owned USA companies. The Dow swung in a relatively narrower trading range of about 450 points on Monday.

But some market analysts warned that Monday's quick rise in stock prices may be a sign that after more than a year of market calm, volatility but not necessarily optimism had re-emerged.

Stocks got off to a fast start, as expected, with early gains nearly reaching the quantities seen in the whole of Friday's session.

But even if that's true, even if investors started getting the jitters, triggering a slight decline, something else entirely may be responsible for exacerbating the problem into a full-blown market correction.

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Wall Street climbed on Tuesday for a third straight session, buoyed by Amazon.com and Apple, while investors focused on inflation data on Wednesday that could upset the market's fragile recovery - or clear the way for additional gains.

Markets are awaiting further news on reports that the White House is about to release details of its long-awaited infrastructure plan that includes $200bn for spending on various federal projects over 10 years.

On Wednesday, traders are expected to respond to new data on inflation when the Consumer Price Index is reported.

The Dow industrials were up 279 points, or 1.2 percent, to 24,471.

Shares of 21st Century Fox added 2.2% after a report that Comcast Corp. may be looking to revive its bid to buy the company's entertainment assets. Brent crude, used to price global oils, slid $2.02, or 3.1 percent, to close at $62.79 in London. Disney agreed to buy Fox's movie and television studios and some cable and worldwide TV businesses in December for about $52.4 billion in stock.

Have You Added This Stock To Your Watch-List? The yield on the 10-year Treasury note fell to 2.85 per cent from 2.86 per cent.

By 9:54 a.m. NY time, the FTSE 100, which captures Britain's largest companies, had fallen 1.7 percent, Germany's DAX had tumbled 2.2 percent and France's CAC 40 had dropped 2.1 percent. The euro rose to $1.23 from $1.2231. Silver jumped 43 cents, or 2.7 percent, to $16.57 an ounce.

The Dow industrials were up 270 points, or 1.1 percent, to 24,461.

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