iStock/Thinkstock(NEW YORK) — Wall Street is once again poised for a rebound on Wednesday — stock futures are up ahead of the opening bell. But if Tuesday is any indication, the gains could be short-lived.
Futures were also up on Tuesday and the stock market was on the verge of its first positive day in a week before a last minute sell-off made stocks tank for a sixth day in a row. The Dow Jones Industrial Average dropped 205 points, or 1.29 percent, to close at 15,666. The Nasdaq and S&P 500 also saw losses, falling to 4,506 and 1,868, respectively.
Overseas Wednesday, European markets are trading lower despite new measures by the Chinese government to prop up its volatile economy.
In Asia, markets are mixed. The Shanghai Composite, China’s benchmark stock index, took another hit, falling 1.28 percent to close at 2,927. Japan’s Nikkei, meanwhile, rebounded on Wednesday, climbing 3.2 percent to 18,377.
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