US Market Update

US stock futures rebounded in Tuesday’s trade, 5 May, as the retreat in crude oil prices lifted market sentiment, while investors remained optimistic that robust corporate earnings would continue to power equities higher. Futures tied to the S&P 500 rose 0.4%, while those linked to the Nasdaq 100 gained 0.6%. Dow Jones Industrial Average futures, meanwhile, advanced 0.3%. In the previous session, all three major averages had closed lower, with the Dow falling 1% after the flare-up of violence in the Middle East injected fresh uncertainty into markets, overshadowing strong earnings from tech megacaps and gains in chipmakers.