(Reuters) – U.S. stock index futures rose on Tuesday as oil prices staged a recovery and a slew of countries eased coronavirus-led restrictions in an attempt to revive their economies.
FILE PHOTO: The New York Stock Exchange (NYSE) is seen in the financial district of lower Manhattan during the outbreak of the coronavirus disease (COVID-19) in New York City, U.S., April 26, 2020. REUTERS/Jeenah Moon
Some hard-hit countries including Italy as well as a handful of U.S. states are tentatively easing stay-at-home orders this week, raising hopes for a recovery in oil demand that drove Exxon Mobil Corp (XOM.N) and Chevron Corp (CVX.N) about 2% higher in premarket trading.
Wall Street’s main indexes snapped their two-day losing streak on Monday as gains in large tech and internet companies and oil prices outweighed concerns about the latest U.S.-China spat and downbeat sentiment from the annual meeting of Warren Buffett’s Berkshire Hath