"Global Markets React: Asian Stocks Mixed, Wall Street Slips, Fed Pushes Back on Rate Cut"

U.S. stocks rebounded after a sharp decline, with the S&P 500 and Dow Jones up, as positive economic reports eased recession fears and inflation pressures. Tech stocks recovered, with Microsoft and Alphabet gaining after reporting strong profits. Big Tech companies like Apple, Amazon, and Meta Platforms are set to report their results. Merck and Etsy saw stock gains, while New York Community Bancorp. and MetLife faced losses. The bond market saw a drop in Treasury yields, and reports on job market and productivity growth provided further encouragement. Traders are betting on potential interest rate cuts by the Federal Reserve, with expectations pushed back to May.