Global markets are still trying to stabilize after a turbulent couple of weeks.
Dow futures were lower Tuesday morning, pointing to a rough start to the day for stocks.
European markets posted mild losses in early trading on Tuesday, while the stocks fared better in Asia.
The Hong Kong and Shanghai markets were the biggest gainers, adding around 1%. Japan’s Nikkei started the day strong before sliding into the red in the afternoon, losing 0.7%.
On Monday in the United States, the Dow climbed higher, gaining 1.7%, or 410 points.
Calm hasn’t exactly returned to Wall Street, but after six straight days of at least 500-point swings, Monday was somewhat of a respite. The VIX, a closely watched measure of market volatility, fell 12% on Monday after spiking last week.
So far, the Dow has recovered more than a quarter of the 2,756 points it lost between the peak on January 26 and the closing low on Thursday.
Despite the comeback on Monday, the Dow and S&P 500 remain down slightly for the year. The Nasdaq is up 1.1% in 2018.
The stock market has been taking cues from the bond market. The 10-year Treasury yield, which reflects inflation worries, is trading near a four-year high.
— Charles Riley, Sherisse Pham, Jethro Mullen and Matthew Egan contributed reporting to this story.
