Stocks fell on Friday as investors believe a stronger-than-expected jobs report will likely keep the Federal Reserve on track for its aggressive rate hikes.
U.S. equities futures were flat Wednesday morning after the market staged a big midday reversal on Tuesday, with falling bond yields giving a boost to growth stocks, and ahead of a batch of economic data.
By the numbers, manufacturing companies in China snagged the most investment deals in the first half of the year among 37 sectors tracked by business database Qimingpian.
The Dow Jones Industrial Average rose 321.83 points, or 1.1%, to 31,097.26. The S&P 500 rose 1.1% to 3,825.33. The Nasdaq Composite was also up by 0.9% to 11,127.85.
Futures contracts tied to the Dow Jones Industrial Average shed 1% or 309 points. S&P 500 futures slipped 1.23%, while Nasdaq 100 futures were down 1.45%.
Stocks fluctuated on Wednesday, after the major averages made a failed attempt at a bounce in the previous session, and as the market prepares to close out the worst first half of the year since 1970.
Stock futures rose early on Tuesday following a losing day as investors prepare to rebalance their portfolios with the end of the quarter fast approaching.
U.S. stock index futures shed prior gains and declined in early morning trading Thursday after the Federal Reserve implemented the largest interest rate hike since 1994.