dow futuresFinViz
US stock market futures are ripping higher after the three-day holiday weekend.
Dow futures are up 300 points, S&P 500 futures are up 37 points, and Nasdaq futures are up 79 points. This makes up for all of what the markets lost on Friday.

There isn't any obvious single headline to explain Tuesday's move. But here are a few big headlines that certainly showed up on some traders' radars:
  • China is burning through cash. The People's Bank of China revealed China's currency reserves fell by a record $93.9 billion in August to $3.557 trillion as the country struggles to prop up its weak currency. The People's Bank of China is selling dollars and buying yuan, which has been suffering since China devalued it against the dollar. "The fear is that today's data will reinforce the market view that the only way for the yuan to go is down, and further accelerate capital outflows," Bloomberg's Tom Orlik said.
  • Chinese trade tanks. Chinese exports tumbled 6.1% in August, while imports plunged 14.3%. The country's trade surplus ballooned to $60.236 billion from $3.03 billion in July. This is the second-highest trade surplus on record.
  • Japan's Q2 contraction wasn't as bad as initially thought. Gross domestic product contracted by 0.3% in the three months ending in June, a bit better than the 0.4% decline estimated a month ago. The upward revision left the seasonally adjusted annual rate at -1.2%, smaller than the -1.6% preliminary estimate and expectations for a contraction of 1.8%.
  • Europe's Q2 was also a little better than expected. Eurozone GDP climbed by 0.4% in the three months ending in June, a bit better than the 0.3% growth estimated a month ago.
There wasn't any big news out of the US during the Labor Day weekend holiday. And if you're on vacation for the rest of the week, there isn't a whole lot on the US economic calendar.