Geoffrey Smith 

Investing.com — The U.S. stock market opened strongly higher Tuesday. They recovered around half of the Monday losses, as worries about a slowdown in global economic growth swept through international markets. 

At 32,663 point, the index was at 9:36 ET (1436 GMT) and had risen 417 points or 1.3% by that time. Both the index was at 1.4%, and 1.8% respectively. 

Apart from technical aspects of the rebound stock, the Federal Reserve did not make any new shocks. The Federal Reserve also made no appearances on the second day. However, two large acquisitions were a reminder of how companies can thrive in this environment.

Pfizer The stock of the (NYSE: ) increased 2.1% on Monday after Biohaven, its smaller rival (NYSE:), agreed to acquire it for $11.8billion. This is a premium that was about 70% from Monday’s close. Duke Realty (NYSE:), however, rose 15% following the announcement. Prologis (NYSE:) offered it to be bought in an all stock deal valued at less than $24 billion. Prologis stock rose 0.4%

John Williams, New York Fed President, did not indicate that he would like to increase interest rates quicker than what the Fed had already done. He said he was for an economy experiencing a slight rise in unemployment and around 2 percent gross domestic product growth.

Loretta Mester of Cleveland Fed, was quoted as saying she did not see a risk in a sudden rise in unemployment. She reiterated however that rates have to go above the neutral level to lower inflation to 2%.

But it was not all easy sailing. Peloton stock (NASDAQ:) fell another 20% to new lows after it reported it had lost $750 Million in three months. This forced it to borrow an equivalent amount to help shore up its financial position while the much-anticipated turnaround happens. It was already 90% lower than its peak price and it is currently down 60% from the IPO price three years ago.