Stock futures rise after major averages slide on Covid unrest in China - CNBC

stock futures rose Tuesday as worries over unrest in China and its Covid protocols appeared to ease.

S&P 500 futures advanced 0.2%, while Nasdaq 100 futures climbed 0.4%.

Futures tied to the Dow Jones Industrial Average traded 7 points higher.

On top of that, the government reported the first decline in Covid infections within mainland China in more than a week.

U.S.-listed shares of Chinese technology companies rose in pre-market trade after Chinese health authorities reported a recent uptick in senior vaccination rates.

European markets were slightly higher on Tuesday as investors continued to monitor news from China over Covid restrictions.

Stocks in Hong Kong jumped more than 5% by afternoon trade, leading gains in the Asia-Pacific region alongside Chinese indexes, as Chinese health authorities encouraged the country's elderly to get vaccinated.

Local media reported that the Chinese State Council will hold a press conference on Covid measures at 3 p.m.

Meanwhile, short interest in Marathon Digital, which mines cryptocurrencies, rose more than 18% to 38.5 million shares, or about 35% of its total float.

Other companies that experienced a surge in short interest include Beauty Health Company, which saw short interest jump 26% to 32.8 million shares as of mid-November or 32% of float.

stock futures were flat on Monday night after the major averages came under pressure from Covid protests in China, and as investors anticipated more economic data and commentary from Federal Reserve leaders this week

Dow Jones Industrial Average futures fell by 11 points, or 0.03%

S&P 500 and Nasdaq 100 futures climbed 0.03% and 0.04%, respectively