US stock futures jump as oil market collapse weighs on investors

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US stock futures were up on Tuesday as the oil price crash continues to weigh on investors

Dow futures climbed 73 points, or about 0.3%. S&P 500 futures were up about 0.3% and Nasdaq futures also rose roughly 0.3%. Stocks closed in the red on Tuesday as Monday's oil market collapse weighed on markets and investor sentiment. The Dow slid 632 points, or 2.7%. The S&P 500 dropped 3.1% and the Nasdaq Composite finished down 3.5%. It was the worst day since April 1 for all three benchmarks.

While the May US oil contract, which settled in negative territory Monday, rallied back before expiring, both the June contract and the global benchmark Brent traded lower.Chipotle and Netflix reported first-quarter earnings after the bell on Tuesday. Netflix saw massive subscriber growth, beating its own expectations, with a whopping 16 million subscribers added last month.

 

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