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S&P 500 futures rise 1% as the market is set to rebound from a brutal week

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Stock futures rose in overnight trading Monday following a brutal week as investors assessed a more aggressive Federal Reserve and rising chances of a recession.

Futures on the Dow Jones Industrial Average gained more than 250 points. S&P 500 futures climbed 1.1% and Nasdaq 100 futures also rose 1.1%.

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