Stock futures rose Tuesday as traders aimed to start the holiday-shortened week on a strong note.
Futures for the Dow Jones Industrials skyrocketed 239 points, or 0.8%, early Tuesday to 31,551.
Futures for the S&P 500 added 30.5 points, or 0.8% to 3,955
Futures for the NASDAQ Composite grabbed 89 points, or 0.7%, to 12,193.25.
CVS Health said Monday it's buying Signify Health for roughly $8 billion, while Volkswagen shared its plan to float Porsche for an initial public offering.
On Friday, the major averages closed out their third negative week in a row. The NASDAQ posted its first six-day losing streak since 2019, ending the session 1.3% lower, while the Dow erased a 370-point gain on Friday to close about 1.1% lower. The S&P shed 1.1% to its lowest close since July.
In the holiday-shortened week, investors are looking ahead to speeches from Federal Reserve presidents and a fresh rate hike decision from the European Central bank due out later this week. August PMI services and ISM services data are slated for Tuesday.
In Japan, the Nikkei 225 index collected 6.9 points Tuesday, while in Hong Kong, the Hang Seng lost 22.97 points, or 0.1%.
Oil prices improved 29 cents to $87.16 U.S. a barrel.
Gold prices jumped $1.80 to $1,724.36 U.S. an ounce.