U.S. indices rebound as tariff challenge lifts sentiment

S&P 500: 6,796.29 (+0.4%)
Nasdaq-100: 25,620.03 (+0.7%)
DJIA: 47,311.00 (+0.5%)
Eurostoxx: 5,669.13 (+0.2%)
U.S. crude futures: $59.60 (-1.6%)

U.S. equities bounced last night, partially recovering from the prior session’s sharp sell-off as communication services led gains and optimism returned to Wall Street. Sentiment also seemed to improve as Wall Street welcomed signs that the U.S. Supreme Court may be sceptical of President Donald Trump’s tariff policies. Investors viewed the development as a potential positive for global trade-exposed companies. Automatic Data Processing reported private payrolls rose by 42,000 in October, topping expectations for a 30,000 gain and easing concerns about labour market softness.