Futures bounce after four-day sell-off on Wall Street

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The tech-heavy Nasdaq 100 futures led the rebound, rising 2.06%. Megacap growth stocks Amazon.com Inc (NASDAQ:AMZN), Apple Inc (NASDAQ:AAPL), Microsoft Corp (NASDAQ:MSFT), Alphabet (NASDAQ:GOOGL) Inc, Meta Platforms and Tesla (NASDAQ:TSLA) Inc all gained more than 2% each in premarket trading.

Big banks, including JPMorgan Chase & Co (NYSE:JPM), Bank of America (NYSE:BAC), rose between 2.3% and 2.7%.

Travel and leisure stocks surged the most. Carnival (NYSE:CUK) Corp and United Airlines Holdings (NASDAQ:UAL) climbed 6.8% and 4.4%, respectively, after plummeting sharply this week as soaring oil prices threatened a nascent recovery.

Meanwhile, Russia said it would achieve its goal of ensuring Ukraine’s neutral status and would prefer to do that through talks.

Energy shares tumbled after a rally on the back of oil surging past $130 a barrel, with the S&P 500 energy sector gaining nearly 3% this week. Oil slipped towards $125 in volatile trading on Wednesday as investors assessed the U.S. ban of Russian oil imports. [O/R]

At 6:09 a.m. ET, Dow e-minis were up 490 points, or 1.5%, S&P 500 e-minis were up 70 points, or 1.68%, and Nasdaq 100 e-minis were up 272.75 points, or 2.06%.

The CBOE volatility index, also known as Wall Street’s fear gauge, fell for the second straight session.