U.S. stocks set to rebound after Trump softens tone on China, easing investor concerns after tariff threats sent market tumbling.

Dow Jones futures up 1%, S&P 500 futures jump 1.3%, Nasdaq 100 contracts gain 1.9%.

10-year U.S. Treasury yield falls 11 basis points to 4.04%, gold futures hit record high at $4,093 an ounce, dollar climbs 0.1% against peers.

Read more at Dow Jones & Company: Stock Futures Rally as Trump’s China Comments Allay Market Fears