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Market Snapshot: U.S. stocks set to bounce back as investors shrug off oil slide

U.S. stocks were set for an upbeat trading day Tuesday as investors shook off another steep slide in oil prices and instead looked ahead to Federal Reserve Chairwoman Janet Yellen’s speech at Jackson Hole.

An update on manufacturing activity and new-home sales data due Tuesday morning were also in the spotlight.

Futures for the Dow Jones Industrial Average YMU6, +0.31% gained 52 points, or 0.3%, to 18,571, while those for the S&P 500 index ESU6, +0.28% added 6.10 points, or 0.3%, to 2,187. Futures for the Nasdaq-100 index NQU6, +0.31% climbed 14.25 points, or 0.3%, to 4,826.

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