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global market
A traders watches Federal Reserve Chair Jerome Powell delivering remarks on the floor of the New York Stock Exchange (NYSE) in New York City, U.S.

KONTAN.CO.ID - NEW YORK. Stocks on global indexes rose sharply on Tuesday, with major U.S. stock indexes each ending up more than 2% following a recent selloff, while the Japanese yen fell against the U.S. dollar to its lowest level since October 1998.

Wall Street climbed as participants returned from a long weekend, with investors buying up shares of megacap growth and energy companies hit last week by global economic worries.

"After back-to-back weeks of 5% declines, you've pushed the ball under the water far enough now that we're getting a bounce," said Paul Nolte, portfolio manager at Kingsview Investment Management in Chicago.

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