SummarySummary Companies Futures up: Dow 0.90%, S&P 1.00%, Nasdaq 1.18%Jan 3 (Reuters) - U.S. stock index futures rose on Tuesday, the first trading day of 2023, as investors await a slew of economic data this week as well as minutes from the Federal Reserve's previous meeting for clues on the path of future interest rate hikes.
The benchmark S&P 500 (.SPX) shed 19.4% in 2022, marking a roughly $8 trillion decline in market cap, while the tech-heavy Nasdaq (.IXIC) fell 33.1%.
As investors return from the New Year holidays, focus is now on the likelihood of a recession following aggressive monetary policy tightening.
ET, Dow e-minis were up 298 points, or 0.90%, S&P 500 e-minis were up 38.5 points, or 1.00%, and Nasdaq 100 e-minis were up 129.75 points, or 1.18%.
Tesla Inc (TSLA.O) fell 2.6% in premarket trading as the electric-vehicle maker missed Wall Street estimates on deliveries for the fourth quarter of 2022.