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Stocks Rebound, Theresa May Resigns, HP Beats - 5 Things You Must Know

Joseph Woelfel

U.S. stock futures rose on Friday and global stocks steadied following a week of bruising losses sparked by worries of a prolonged U.S.-China trade war and increasing signals of a slowing world economy. The Dow closed nearly 300 points lower on Thursday as investors fretted over series of grim readings on manufacturing activity in major global economies and watched oil prices in the U.S. plunge 5.7% in the session. The tech-heavy Nasdaq has declined 2.4% so far this week amid concerns that companies in the technology sector increasingly will be vulnerable should trade tensions between Washington and Beijing escalate throughout the summer.