U.S. stock market futures recovered from steep early losses Monday night, in a reassuring indication following the biggest selloff of the year for Wall Street.
In the early hours of Tuesday, Dow Jones Industrial Average futures rose 0.4%, while S&P 500 futures rose 0.43% and Nasdaq Composite futures gained 0.6%.
Those numbers were a huge improvement from lows earlier in the session, as Dow futures lost about 500 points at their low. Dow futures were last up about 30 points.
Traders may have been buoyed after China’s central bank set the yuan’s reference point higher than expected early Tuesday, at 6.9683 yuan.
Source : Marketwatch