Stocks ready for a second day of gains as Australia hikes rates

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U.S. stocks are set for higher open Tuesday morning, ready for second day of gains to continue Monday's rally when U.S. stocks bounced back from a two-week selloff. All three major indices gained at least 1 percent Monday ahead of the upcoming third quarter earnings season to be kicked Wednesday when Alcoa (AA) -- the first of the Dow industrials -- reports. This morning, investors were positively reassured when Australia became the first G-20 economy to raise interest rates, fueling optimism about the global economic recovery.

More here: Before the bell: Futures higher as Australia hikes rates
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Markets

S&P 500 2,356.71 -1.86 -0.08%
DJIA 20,631.11 -70.39 -0.34%
NASDAQ 5,880.02 4.88 0.08%
DAX 12,203.00 53.58 0.44%
NIKKEI 225 19,217.48 14.61 0.08%
HANG SENG 24,392.05 46.18 0.19%
USD (per EUR) 1.08 -0.01 -0.58%
USD (per CHF) 1.00 0.00 0.49%
JPY (per USD) 111.08 -0.14 -0.13%
GBP (per USD) 1.24 0.00 -0.08%

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