09:00 AM EDT, 04/08/2025 (MT Newswires) -- US equity futures rose ahead of Tuesday's opening bell, recovering from turmoil fueled by President Donald Trump's recent tariffs, while fears of a worsening global trade situation persist.

Dow Jones Industrial Average futures rose 2.9%, S&P 500 futures increased 2.5% and Nasdaq futures were up 2.3%.

China's commerce ministry reportedly said Tuesday that Beijing will "fight to the end" in response to Trump's recent threat to impose an extra 50% tariff on Chinese goods.

Oil prices were higher, with front-month global benchmark North Sea Brent crude up 0.8% at $64.70 per barrel and US West Texas Intermediate crude 0.9% higher at $61.23 per barrel.

The National Federal of Independent Business small business optimism index, released at 6 am ET, fell to 97.4 in March from 100.7 previously, compared with estimates compiled by Bloomberg for a smaller drop to 98.9.

In other world markets, Japan's Nikkei closed 6% higher, Hong Kong's Hang Seng ended 1.5% higher, and China's Shanghai Composite finished 1.6% higher. Meanwhile, the UK's FTSE 100 rose 2.4%, and Germany's DAX index was up 2.4% in Europe's early afternoon session.

In equities, shares of UnitedHealth Group ( UNH ) , Humana (HUM) and CVS Health ( CVS ) were up 8%, 18%, and 10%, respectively, pre-bell after the US Centers for Medicare and Medicaid Services said late Monday it will increase payment rates for Medicare insurers in 2026.

On the losing side, Bluejay Diagnostics ( BJDX ) shares were down 50% after the company overnight said institutional investors agreed to exercise warrants at a "reduced exercise price." CVRx ( CVRX ) stock was 28% lower after the company issued late Monday Q1 revenue that trailed analysts' projections.