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Futures up: Dow 1.91%, S&P 500 1.42%, Nasdaq 1.22%

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Broadcom ( AVGO ) gains after launching new share buyback plan

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Major health insures rise after Medicare payment rate

boost

(Updates with quote, prices)

By Shashwat Chauhan and Purvi Agarwal

April 8 (Reuters) - U.S. stock index futures edged

higher on Tuesday after a bruising selloff that has wiped out

trillions of dollars since last week, as investors keenly await

any sign of the U.S. opening up for negotiations over some of

the aggressive tariffs.

Most megacap and growth stocks rose in premarket trading,

with Tesla adding 1.3%, and Amazon.com ( AMZN ) and

Nvidia rising 2% each.

Since the reciprocal tariff announcement on April 2,

concerns over a global trade war and fears of a recession in the

U.S. have gripped Wall Street, with the three major indexes

hitting around one-year lows.

The Nasdaq confirmed a bear market on Friday, while

the S&P 500 and the Dow are down more than 15% from their

record-high closes. The benchmark index neared bear market

territory on Monday, before cutting some losses.

"A bounce was inevitable at some stage... the reason is

we've had a very rapid fall and that equity investors are still

hoping that representations from countries will attempt to try

and strike a trade accord with America," said Russ Mould,

investment director at AJ Bell.

Markets, however, continued to remain under a cloud of

uncertainty after China said on Tuesday it will never accept the

"blackmail nature" of the U.S. to Trump's threat to ratchet up

tariffs on imports from China to more than 100%.

This was in response to China's decision to impose

retaliatory tariffs to match 'reciprocal' duties the U.S.

President initially unveiled last week.

Dow E-minis were up 728 points, or 1.91%, S&P 500

E-minis were up 1.42% and Nasdaq 100 E-minis were up

214.5 points, or 1.22%.

Worries that the aggressive U.S. tariffs could spur

inflation and hamper global growth have led to greater pricing

of interest-rate cuts by the Federal Reserve.

Traders see more than 96 basis points of easing by the

December, implying three fully priced in 25-bps cuts and a 84%

chance of a fourth such a reduction, according to LSEG data.

A consumer price inflation reading is also due on Thursday,

which could offer more clues on the inflation trajectory.

Providing some cushion to U.S. equities, Treasury yields

eased, with those on the 10-year note slipping to

4.156% after surging more than 16 basis-points in the last

session.

The CBOE Volatility index - seen as Wall Street's

'fear gauge' - retreated to 42.35 points after rising to more

than 60 on Monday - levels last seen back in August.

Among individual stocks, chipmaker Broadcom ( AVGO )

advanced 3.9% after the company said it was launching a new

share buyback program of up to $10 billion.

Health insurer UnitedHealth Group ( UNH ) gained 5.8% after

the U.S. announced 5.06% increase in payment rates to private

insurers for 2026 Medicare Advantage health plans.

Humana soared 11%, while Elevance Health ( ELV )

also gained in low volumes. CVS Health ( CVS ) jumped 8%. The

insurer named UPS executive Brian Newman as its chief financial

officer.