U.S. Stock-Index Futures Rise After Biggest Plunge in 4 Years
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.S. stock-index futures rose a day after the biggest plunge in the country’s equity market in four years, as strategists advised investors not to sell shares given prospects for economic and earnings growth.
Chinese stocks rebounded today after a selloff in that market yesterday triggered a global tumble in equities, while most Asian and European markets fell a second day. Strategists at UBS AG, JPMorgan and Citigroup Investment Research today recommended that investors keep their equity holdings, saying that the outlook for the global economy hasn’t worsened.
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