Dow futures surge more than 400 points as the market is set to rebound from a brutal week

(CNBC) Stock futures rose in overnight trading Monday following a brutal week as investors assessed a more aggressive Federal Reserve and rising chances of a recession. Futures on the Dow Jones Industrial Average jumped 433 points, or 1.45%. S&P 500 futures climbed 1.67% and Nasdaq 100 futures also rose 1.7%. U.S. stock markets were closed earlier Monday for Juneteenth.

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