U.S. stock futures were under pressure Tuesday, despite data from the U.S. and China showing a rebound in manufacturing activity.
As of 3:15 a.m. ET, Dow futures traded 32 points lower, indicating a lower open of -40 points, while the S&P 500 and Nasdaq indexes were also in negative territory.
U.S. manufacturing activity expanded last month, data showed, rebounding from its lowest level since late 2016. A separate survey showed China’s factory activity also rebounded, expanding at its fastest pace in eight months.
The figures gave some much-needed relief to traders wary of a potential global economic slowdown on Monday.
In other data news, the U.S. durable goods report is due to be released Tuesday at 8:30 a.m. ET.
On the corporate front, Walgreens Boots Alliance is due to report earnings.
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