US inventory futures level to robust beneficial properties after non-farm payrolls, spoos up 1%

It’s looking like a strong rebound for US stock markets after yesterday’s late-day selloff. Futures levels:

• S&P 500 +50 points or +1.0%
• Nasdaq futures +0.9%
• DJIA futures +0.7%
• Russell 2000 futures +1.5%

That’s a nice rebound. In focus will be Tesla shares after yesterday’s plunge: they’re up 3.8% premarket. Another mover is Lululemon, down 18% after lowering guidance on poor macro and Broadcom down 2.9% on earnings.

I didn’t see much in the non-farm payrolls report to spark this kind of buying but the fast majority of the lift came after the data, indicating some real angst about the economy.

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