US STOCKS-Futures rebound as traders brace for recovery

The NYSE in New York has traders working on the floor.

After a bruising sell off over the last few sessions on rate-hike induced recession fears that confirmed the Dow has been in a bear market for most of the year, the Reuters U.S stock index futures rebounded on Tuesday.

Dow e-minis were up 261 points, or 0.89%, S&P 500 e-minis were up 41 points, or 1.12%, and Nasdaq 100 e-minis were up 145 points, or 1.28%, according to the Dow.

Concerns about corporate profit coming under pressure from soaring prices, economic downturn and higher interest rates has roiled Wall Street over the past two weeks, pushing the S&P 500 to new closing lows for the year on Monday.

U.S. Federal Reserve officials said their priority was to control domestic inflation as they sloughed off rising volatility in global markets, including falling U.S. stocks and currency turbulence abroad.

Growth names, including Amazon.com Inc, Apple Inc, Microsoft Corp, Meta Platforms Inc., and Tesla Inc., rose between 1.1% and 1.7% in premarket trading, as the U.S. 10 year Treasury yield fell from more than a decade high. The US oil prices went up nearly 2% on the back of a rebound in crude prices.

Investors will be watching for August durable goods orders as well as consumer confidence for the month.