Equity futures are indicating a rebound following Monday’s losses.
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Dow Jones futures were rising by 0.31 percent. The S&P 500 added 0.46 percent and the Nasdaq Composite was up 0.62 percent.
It’s a big day for earnings, with two Dow members – Pfizer and Coke – reporting ahead of the opening bell. GE, Aetna, HCA Healthcare and AutoNation will also post results in the morning.
The big name after the bell will be Facebook.
On today’s economic calendar, traders will examine the latest Case-Shiller report on home prices. The latest data on consumer confidence will also be released.
| Ticker | Security | Last | Change | %Chg |
|---|---|---|---|---|
| I:DJI | DOW JONES AVERAGES | 24442.92 | -245.39 | -0.99% |
| SP500 | S&P 500 | 2641.25 | -17.44 | -0.66% |
| I:COMP | NASDAQ COMPOSITE INDEX | 7050.2919 | -116.92 | -1.63% |
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Stocks slipped Monday after late-day selling driven by renewed concerns over trade tensions between the U.S. and China.
The Dow Jones Industrial Average swung more than 900 points between its intraday high and low, and the index dropped as much as 566 points in the final hour of trading before clawing back some of those losses.
The Dow closed 245 points lower, or nearly 1 percent, at 24,443. The S&P 500 fell about 0.65 percent to 2,641. The Nasdaq Composite was down 1.6 percent at 7,050.29.
Bloomberg reported that the Trump administration is preparing to announce new tariffs on all remaining Chinese imports if talks between President Trump and Chinese President Xi Jinping next month fail to ease an ongoing trade dispute.
In Asian markets on Tuesday, China’s Shanghai Composite closed the session with a gain of 1 percent.
Japan’s Nikkei average erased early losses to end the day up 1.45 percent.
In Europe, London’s FTSE opened higher by 0.3 percent, Germany’s DAX gained 0.5 percent and France’s CAC added 0.3 percent.
FOX Business’ Leia Klingel contributed to this article.
