Traders also looked ahead to a key monetary policy announcement from the Federal Reserve later in the week.
Futures for the Dow Jones Industrials recovered 87 points, or 0.3%, early Tuesday to 30,588.
Futures for the S&P 500 progressed 14.5 points, or 0.4%, to 3,768.
Futures for the NASDAQ Composite index hiked 75.75 points, or 0.7%, to 11,403.25.
Shares of Oracle jumped 12% in pre-market trading after the software company reported an earnings beat boosted by a “major increase in demand” in its infrastructure cloud business.
The moves came after an intense selloff Monday. The S&P 500 slumped 3.9% to its lowest level since March 2021, closing more than 21% below its January record.
Monday’s close marked bear market for the S&P 500 since March 2020. During that last bear market, the S&P 500 lost 33.9% before recovering, according to data compiled by S&P Dow Jones Indices. The data also showed that bear markets on average last more than 18 months.
Meanwhile, the Dow tumbled 2.8%, putting it roughly 17% off its record high. The NASDAQ Composite dropped nearly 4.7% and is now more than 33% off its November record.
Wall Street is also expecting the latest reading on the May producer price index on Tuesday before the bell at 8:30 a.m.
In Japan, the Nikkei 225 dished off 1.3% Tuesday. In Hong Kong, the Hang Seng eked ahead less than one point.
Oil prices took on 99 cents to $121.92 U.S. a barrel.
Gold prices folded $12.70 to $1,819.10 U.S. an ounce.