Early Update – Growth Stocks Lead Rebound

10:40 a.m. ET The bounce is underway with yields relatively contained and consolidating. The S&P is facing its first test at technical resistance. SP-500 +1.2%, Dow +1%, NASDAQ-100 +1.7%, Small Caps +1.6% All 11 sectors are up with Technology (+1.7%), Consumer Discretionary (+1.5%) and Communications (+1.5%) leading the market. Cyclicals are slightly underperforming with Materials…