US stock futures rebound after Evergrande crisis sparks worst sell-off since May, as oil recovers lost ground

  • Date: 21-Sep-2021
  • Source: Business Insider
  • Sector:Financial Markets
  • Country:Gulf
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US stock futures rebound after Evergrande crisis sparks worst sell-off since May, as oil recovers lost ground

US stock futures rallied on Tuesday after the debt crisis at giant Chinese property developer Evergrande the previous day. Elsewhere in markets, oil prices recovered some of the ground given up on Monday. US bonds and the dollar retreated after investors bought up the safe-haven assets in the previous session. were up 0.9% as of 6.00 a.m. ET. The US benchmark stock index fell as much as 3% on Monday, but ended up finishing 1.7% lower, its biggest fall since May. rose 338 points for a 1% gain, after the related index closed Monday with a fall of 614 points, or 1.78%. climbed 0.81%, after the tech-heavy index ended down 2.1%. Analysts said the "buy-the-dip" mentality that has supported stocks all year remains strong among investors - helping explain why equities pared their losses in late trading on Monday and the rebound in equities on Tuesday. Yet strategists said that the upcoming Federal Reserve interest-rate decision on Wednesday would keep investors on edge, with the central bank weighing up when to withdraw support for the economy in light of strong growth and inflation. The meeting of Fed policymakers begins today. US stocks were already in quiet retreat when the Evergrande