Fueled by gains overseas, equities are trying to rebound from their steepest drop so far this year.
S&P 500 futures are up about 0.3 percent after climbing by more than half a percentage point. European indexes have added more than 0.5 percent. The real strength came from China, where value hunters drove Shanghai and Hong Kong higher by more than 2 percent.
Investors must now decide whether it’s time to put money to work in stocks or whether the recent losses are the start of a deeper correction. Recent data and corporate results suggest that economic activity is slowing, but large amounts of cash remain on the sidelines.
— Option Monster