By Caitlin McCabe

It could be another whipsaw week in markets.

U.S. shares look poised for a rebound, after the S&P 500 fell 2.4% Monday. Futures tied to the benchmark gained 1% early Tuesday. And major tech stocks rose premarket, after being hit hard in the previous session.

Still signs of investor anxiety remained. Haven assets--namely, gold and the Japanese yen--advanced, with gold surpassing $3,500 a troy ounce to hit a record intraday high.

Investors' concerns over President Trump's trade war and his threats of firing Federal Reserve Chair Jerome Powell stirred up market volatility Monday, putting the Dow Jones Industrial Average on course for its worst April since 1932. Trump reiterated his demand the Fed cut interest rates, and blasted Powell.

In recent trading:

--Futures tied to all three major indexes rose. Nasdaq-100 futures led gains.

--Treasury yields wavered. The 10-year rose above 4.41%, having settled Monday at 4.4%.

--Gold futures surged above $3,500 a troy ounce before paring back somewhat.

--The Cboe Volatility Index, or Wall Street's "fear gauge," retreated to around 32, after jumping Monday.

--Overseas, European stocks mostly fell. Indexes in Asia were mixed. Hong Kong's Hang Seng advanced 0.8%, while Japan's Nikkei 225 ticked lower.

Coming up:

--Companies reporting earnings early Tuesday include GE Aerospace, RTX and Lockheed Martin.

--Results are due from Tesla after the close. The stock slid nearly 6% Monday.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

April 22, 2025 05:38 ET (09:38 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.