Dow futures reverse higher as recession alarm bells jolt Wall Street awake from dreams of a gravity-defying economy

(Credit: Michael M. Santiago—Getty Images)

• U.S. stocks were poised for gains as futures on Sunday evening signaled a rebound after investors digested jobs data that upended their notions of what previously looked like a more resilient economy. Some analysts on Wall Street are warning that the U.S. is now on the brink of recession.

Markets were pointing toward a rebound Sunday evening after startling jobs data delivered a rude awakening to Wall Street bulls.