Futures contracts tied to the major U.S. stock indexes rose Monday evening as investors looked to extend Wall Street’s gains from Monday’s dramatic comeback.
Dow Jones Industrial Average futures rose 200 points, suggesting an open gain of 248 points when regular trading resumes on Tuesday. S&P 500 futures pointed to an opening advance of 0.85% while Nasdaq-100 futures indicated a climb of 0.8%.
The overnight moves Monday evening followed a striking rebound in U.S. equity markets during the regular session.
The Dow Jones Industrial Average closed 157.62 points higher on Monday after the blue-chip index fell more than 760 points earlier in the session. The S&P 500 gained 0.8% to end the day at 3,066.59 while the Nasdaq Composite advanced 1.4% to 9,726.02. The S&P 500 and Nasdaq had fallen as much as 2.5% and 1.9%, respectively, before erasing those losses.
Traders pointed to an announcement from the Federal Reserve during Monday’s session for an abrupt move higher around 1:50 p.m. ET.
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