U.S. stock futures wobbled Tuesday, signaling that stocks may steady after a bout of volatility that has eroded investors’ confidence in the market’s monthslong rebound.
Futures tied to the S&P 500 edged up 0.3% while contracts tied to the technology-heavy Nasdaq gained 0.6%. The market retreated sharply Monday, pushing the S&P 500 to a fourth-straight day of losses, the longest losing streak for the broad gauge since late February.
Stocks have gyrated in recent trading sessions, after marching higher for much of the summer. The turbulence entered a new phase Monday, when shares in sectors that are highly sensitive to economic growth, such as banks, materials and industrials, endured the biggest declines. Technology stocks, whose swings had weighed on markets in recent weeks, advanced.
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