U.S. stocks could rebound on Tuesday following the China-induced sell-off seen in the previous session. The index futures were trading uniformly higher after a COVID-19 policy review by Chinese health officials.
The CNN Money Fear and Greed index showed further easing in sentiment among US investors after the Dow Jones dropped around 500 points on Monday.
China continued to impose stricter COVID-19 restrictions amid surge in new cases. The restrictions impacted the life of the common man, prompting people to resort to protests.
US stocks recorded sharp losses on Monday as investors were concerned that China's strict Covid-19 policies would negatively impact economic growth around the world.
Wall Street analysts make new stock picks on a daily basis. Unfortunately for investors, not all analysts have particularly impressive track records at predicting market movements. Even when it comes to one single stock, analyst ratings and price targets can vary widely, leaving investors confused about which analyst's opinion to trust.
The U.S. index futures are pointing to a lower start for Wall Street stocks on Monday, as the upward momentum built over the last week falters amid geopolitical tensions.
The Nasdaq recorded losses on Friday in a holiday-shortened trading session, as investors kept an eye on holiday sales and rising covid-19 cases in China.