Dow futures added more than 600 points, or more than 2%. S&P 500 futures gained 1.9%. Nasdaq-100 futures also rose 1.9%. U.S. markets were closed Monday in observance of Memorial Day.
The moves in stock futures followed a solid week for Wall Street that saw the 30-stock Dow rise 3.3%, posting its best weekly performance since April. The S&P 500 and Nasdaq also climbed more than 3% last week.
The S&P 500 entered Tuesday’s session up more than 34% from a March 23 low.
Meanwhile, investors kept an eye on the U.S.-China tensions, which showed signs of escalation over the weekend. White House National Security Advisor Robert O’Brien said Sunday the U.S. will likely impose sanctions on China if Beijing implements national security law that would give it greater control over autonomous Hong Kong.