Stock futures have shown a substantial recovery from an overnight nosedive and are currently pointing to a significantly higher open on Wall Street. The Dow futures are up by 315 points and the Nasdaq futures are up by 71 points, suggesting the tech-heavy index could reach a new record high.
The futures fell sharply overnight as comments from White House trade adviser Peter Navarro seemed to suggest President Donald Trump had decided to terminate the U.S.-China trade deal.
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