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Stock futures are flat after markets claw back some losses from weeks of selling
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U.S. stock index futures were flat overnight Tuesday after the major averages jumped in regular trading hours, attempting to claw back some losses following weeks of selling.
Futures contracts tied to the Dow Jones Industrial Average, S&P 500 and Nasdaq 100 were little changed. During regular trading Tuesday, the Dow surged 641 points, or 2.15%.
The S&P 500 added 2.45%, turning in its best day since May 4. The jump comes after the benchmark index slumped 5.79% last week in its worst weekly performance since March 2020.
The Nasdaq Composite advanced 2.51% on Tuesday, following its tenth week of losses in the last 11 weeks. Growing fears that the economy will tip into a recession have recently weighed on stocks.
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