Stocks Try to Rebound From Selloff

Stocks are higher this morning, trying to rebound from a selloff earlier in the week.

S&P 500 futures are at their highs of the session, up about one-third of a percent, following gains of a similar magnitude in Europe. Asia was mostly positive in the overnight session as a weaker Japanese yen lifted the Nikkei almost 1 percent. India’s Sensex rallied more than 2 percent after the country’s central bank announced measures to halt the rupee’s recent slide.

The S&P 500 has been pulling back during August as investors take profits after an eight-month rally drove the index to new record highs. It seesawed in a range yesterday, attempting to hold its ground after concerns about conflict with Syria triggered a 1.4 percent drop on Tuesday.

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