(Reuters) - U.S. stock index futures are rebounding Sunday night with investors taking some solace from weekend comments by U.S. officials that aimed to soothe panic about a pandemic.
Dow futures are higher by 1 percent.
Senior officials in President Donald Trump’s administration on Sunday tried to reduce concern about a global recession, saying the U.S. public had over-reacted and that stocks would rebound due to the American economy’s underlying strength.
|I:DJI||DOW JONES AVERAGES||34200.67||+164.68||+0.48%|
The S&P 500 fell more than 11 percent last week, its worst since the 2008 financial crisis.
Reporting by Alden Bentley; Editing by Daniel Wallis