Japanese stocks closed 10% higher Tuesday afterജ tanking 12% yesterday, their🀅 worst day since 1987.

Japan's Nikkei index, whose slide following Friday's weak soft U.S. jobs report triggered Monday's global rout, notched its best single-day performance in percentage terms since the average closed up more than 14% on Oct. 14, 2008.

U.S. stock futures also are bouncing back and paring some of their losses from Monday, when fears of a potential recession and worries about the scale of tech giants' spending on 澳洲幸运5官方开奖结果体彩网:artificial intelligence (AI) initiatives led stocks to post their 澳洲幸运5官方开奖结果体彩网:biggest one-day declines in nearly two years.

Mag 7 Stocks Retrace Some of Their Losses

澳洲幸运5官方开奖结果体彩网:Magnificent Seven shares are also recovering somewhat in premarket trading, with chip maker Nvidia (NVDA) rising about 3% despite reports its latest generation Blackwell chip 澳洲幸运5官方开奖结果体彩网:will be delayed and that 澳洲幸运5官方开奖结果体彩网:Chief Executive Officer (CEO) Jensen Huang offloaded more stocks in July.

The 10-year Treasury yield has now risen to 3.84% after falling to below 3.70% on hopes of an aggressive rate-rising path by the 澳洲幸运5官方开奖结果体彩网:Federal Reserve. Monday's rout had increased investors' bets that the Fed may enact an emergency rate cut before its next m🌳eeting in September, although many ♚analysts said that was unlikely.

"We expect the Federal Reserve to continue on its expected path, with a panic-driven response being unlikely," Bjoern Jesch, Global 澳洲幸运5官方开奖结果体彩网:Chief Investment Officer (CIO) of asset manager DWS, said in a note Tuesday. "A 50 澳洲幸运5官方开奖结果体彩网:basis points (bps) cut or an inter-meeting cut woul♔d signal a significant shift in policy, which we believe the Fed will tᩚᩚᩚᩚᩚᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ𒀱ᩚᩚᩚry to avoid."

Volatility Remains Elevated

Still, Wall Street's "fear gauge," the VIX index of implied stock mꦐarket volatility, remains elevated, showing investors remain nervous afterꦍ Monday's dramatic declines.