Stocks Rebound Modestly as Testing Month Begins: Markets Wrap

US stock futures staged a small rebound from a technology-led selloff, setting a steadier tone as a testing month begins with markets near record highs.

S&P 500 and Nasdaq 100 contracts advanced 0.2%, with cash trading in US stocks and Treasuries closed for the Labor Day holiday. The dollar was little changed.

Europe’s Stoxx 600 rose 0.2%. BAE Systems Plc and Rheinmetall AG led advances in defense shares after the Financial Times reported that Europe is working on detailed plans for potential post-conflict deployments in Ukraine. Asian equities were mixed, with a 19% surge in Alibaba Group Holding Ltd. ...