Tuesday Markets, a different kind of storm

Wall Street was set for a sharp rally at the open on Tuesday, with futures climbing more than 3% after China’s central bank cut interest rates in the wake of recent stock market turmoil.

Futures for the Dow Jones Industrial Average YMU5, +3.35% jumped 541 points, or 3.4%, to 16,249, indicating the benchmark DJIA, -3.57% could make up most of Monday’s 588.47-point plunge at the opening bell— its biggest one-day slump in four years. The average had dropped more than 1,000 points within the first minutes of Monday’s trading, after a serious market rout in China sparked a sharp selloff

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