A day after the S&P 500 fell into bear market territory, U.S. stock futures were up early on Tuesday morning, signalling a mild recovery.
On Tuesday morning, US stock futures were up a tad.
The S&P 500 futures were up 20 points or 0.5%.
The futures for the tech-focused index were up.
Two hours after markets opened, the pan- European Stoxx 600 was down, but the London-based FTSE 100 index was up.
The markets in the Asia Pacific region were down in the morning and were still down in the afternoon.
Despite the emergence of more Covid-19 cases in China, the Shanghai Composite index was up by 1% in the afternoon while Hong Kong's Hang Seng index remained flat.
The price of the digital currency was down more than 25% compared to the previous week, but remained at December 2020 levels.
Concerns about the Federal Reserve's policy meeting later this week caused the US stock markets to plunge on Monday. The S&P 500 has fallen more than 20% from its record high, putting it in bear market territory. The Fed is expected to announce a hike in interest rates later this week that could cause a global recession. The biggest 12-month rise in consumer prices since 1981 was reported by the Labor Department last week.
The S&P 500 has entered a bear market as inflation fears affect oil markets.
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