Stocks climb, US futures rebound after tech sell-off

Tesla suffered the worst rout in its history and is now down 34%

Global investors are grappling with the recent market turbulence, assessing whether the pullback for equities is a sign of market health or the start of a larger drawdown that has further to go. Picture: Michael Nagle/Bloomberg

Stocks rose in Europe this morning along with US equity futures as optimism crept into markets that Tuesday’s tumble in America may have drawn a line under the recent sell-off.

European shares climbed broadly as investors took in stride news that AstraZeneca Plc had to pause its trials of a leading experimental Covid-19 vaccine when a participant got sick. Contracts on the S&P 500 and Nasdaq 100 advanced in the wake of large declines in America that were led by tech shares.