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U.S. Stock Futures Advance as S&P 500 Teeters on Bear Market

  • S&P 500 contracts tumbled as much as 1.1% in volatile start
  • Markets have made up their minds to be jumpy: StanChart
Bloomberg business news
The U.S. stocks selloff will continue in Q1 as Trump renews his Fed criticism, says Naeem Aslam of ThinkMarkets.Source: Bloomberg
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U.S. equity futures rose after a volatile start as investors assessed comments from President Donald Trump that he was confident in Treasury Secretary Steve Mnuchin and the American economy.

March contracts on the S&P 500 Index gained 0.6 percent as of 10:40 a.m. in London, after falling as much as 1.1 percent earlier. Futures on the Nasdaq 100 Index and the Dow Jones Industrial Average advanced 0.4 percent and 0.5 percent, respectively. Moves on Wednesday will be closely watched -- the benchmark S&P gauge for American equities is only about 7 points from entering a bear market.