Market Watch: Stock futures rise after S&P 500 falls to its lowest level in more than a year

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U.S. stock futures rose Tuesday morning, as the S&P 500 attempted to rebound after falling to its lowest level in more than a year.

Dow Jones Industrial Average futures were last up 180 points, or 0.6%. S&P 500 and Nasdaq 100 futures climbed 0.6% and 1%, respectively.

In the earnings front, shares of Peloton Interactive plummeted 22% before the bell after reporting a wider-than-expected loss in the recent quarter. Shares of AMC rose more than 6%, while Novavax dropped about 23% n the back of recent quarterly earnings.

Tuesday’s moves came as Treasury yields eased from multiyear highs. The benchmark 10-year Treasury note yield, which hit its highest level since late 2018 on Monday, traded roughly 6 basis points lower at 3.016%.

On Monday, the S&P 500 dropped below the 4,000 level and hit a low of 3,975.48, marking the index’s weakest point since March 2021.