U.S. Stocks Move Back To The Upside Amid Rebound By Bitcoin

Market Performance - Stocks have mostly moved higher, with the Nasdaq leading the charge, up 232.12 points or 1.0 percent at 23,508.04 [1] - The S&P 500 is up 37.22 points or 0.6 percent at 6,849.85, and the Dow is up 293.16 points or 0.6 percent at 47,582.49 [1] - The Philadelphia Semiconductor Index has jumped by 1.9 percent, indicating strength in semiconductor stocks [2] - The NYSE Arca Airline Index has posted a gain of 1.8 percent, reflecting considerable strength among airline stocks [2] - The Dow Jones U.S. Software Index is up by 1.5 percent, showcasing strong performance in software stocks [3] Cryptocurrency and Economic Indicators - Bitcoin has rebounded significantly, soaring by more than 6 percent after a sharp decline on Monday, indicating renewed risk appetite [1][2] - Upcoming economic data includes a report on private sector employment from ADP, with expectations of a 10,000 job increase in November after a rise of 42,000 jobs in October [4] - The CME Group's FedWatch Tool indicates an 89.4 percent chance of a quarter-point rate cut by the Federal Reserve, up from 63.0 percent a month ago [5] International Markets - Stock markets in the Asia-Pacific region have mostly moved higher, with South Korea's Kospi surging by 1.9 percent [6] - The German DAX Index is up by 0.4 percent, while the U.K.'s FTSE 100 Index is marginally lower and the French CAC 40 Index is down by 0.3 percent [6] Bond Market - Treasuries have climbed back near the unchanged line, with the yield on the benchmark ten-year note up by less than a basis point at 4.102 percent [7]