Stock futures rebounded slightly following a losing day on Wall Street with rising oil prices and bond yields in focus. Those two factors eased a bit Tuesday morning, boosting sentiment.
Futures for the Dow Jones Industrials turfed 184 points, or 0.4%, to 42,562.
Futures for the S&P 500 fell 28.25 points, or 0.5%, at 5,771.75.
Futures for the NASDAQ tumbled 128 points, or 0.6%, to 20,099.25.
The Dow finished nearly 400 points lower on Monday, while the S&P 500 slid close to 1%. Technology stocks felt the brunt of Monday’s declines, pushing the NASDAQ Composite down about 1.2%.
Some tech shares like Nvidia and Super Micro Computer were higher Tuesday. Nvidia added about 1.6% and Super Micro gained 3.3%. Wells Fargo gained 1% in premarket following an analyst upgrade.
Stocks have been volatile in the new trading month as investors have grown increasingly fearful of escalating conflict in the Middle East. The S&P 500 is off by a little more than 1.1% in October following a 2% gain in September.
Investors will watch Tuesday for economic data on small businesses and the trade deficit. They’ll also monitor speaking engagements scheduled throughout the day for central bank leaders including Boston Federal Reserve President Susan Collins and Atlanta Fed President Raphael Bostic.
In Japan, the Nikkei 225 ditched 1% Tuesday, while in Hong Kong, the Hang Seng swooned 9.4%.
Oil prices hiked $2.02 to $76.40 U.S. a barrel.
Gold prices gained nine dollars to $2,678.80
