Dow futures tick higher following relief rally

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Investing.com – U.S. stock futures were trading slightly higher during Monday’s evening deals, extending gains from the regular session as investors bought the dip following the Swiss government approved takeover of Credit Suisse Group AG (SIX:CSGN) by UBS Group AG (SIX:UBSG).

By 6:40pm ET (10:40pm GMT) Dow Jones Futures and S&P 500 Futures were 0.1% higher while Nasdaq 100 Futures traded flat.

Ahead in Tuesday’s session, traders will be closely monitoring existing home sales data as well as fresh earnings data from Nike Inc (NYSE:NKE), Tencent Music Entertainment Group (NYSE:TME) and GameStop Corp (NYSE:GME).

During Monday’s regular trade, the Dow Jones Industrial Average added 382.6 points or 1.2% to 32,244.6, the S&P 500 added 34.9 points or 0.9% to 3,951.6 and the NASDAQ Composite gained 45 points or 0.4% to 11,675.5 as investors proved optimistic on the prospects of slowing rate hikes from Federal Reserve policymakers following the recent banking crisis.

On the bond markets, United States 10-Year rates were at 3.483%.