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The Breakfast Briefing: U.S. Futures Point To A Slight Rebound When Markets Open On Tuesday
FYI: U.S. futures pointed to a slight recovery for the three major stock indexes at Tuesday's open after the market rout a day earlier.
The Dow Jones Industrial Average futures climbed 13 points, implying a gain of 83.02 for the index at Tuesday's market open, as of 12:02 a.m. ET Tuesday. S&P 500 and Nasdaq futures also pointed to slight gains for the two other major stock indexes.
Stocks had fallen sharply on Monday ahead of the Federal Reserve Bank's anticipated rate hike this week.
The S&P 500 fell 2 percent to 2,545.94 — its lowest close for 2018. The Dow Jones Industrial Average also plunged 507.53 points to close at 23,592.98, ratcheting up a combined two-day loss of more than 1,000 points.
The Nasdaq Composite saw declines, falling 2.27 percent to end the trading day at 6,753.73.
The Cboe Volatility Index — one of Wall Street's gauges of market fear — rose above 25 and volume for the stock market was heavier than usual. Regards, Ted
