Dow futures recovered to indicate a positive open of about 179 points, after tanking in after-hours trading Monday night. Futures on the S&P and Nasdaq were also higher on Tuesday morning.
China’s central bank set the yuan’s reference point at the key 7 yuan-to-the-dollar point on Tuesday. The move calmed currency markets, initially racked by fears the U.S.-China trade war was devolving into a currency war.
Companies whose prospects hang in the balance because of the trade war led the rebound in premarket trading. Apple, Caterpillar, and Micron all traded higher in early trading.
