U.S. stock futures are up, suggesting markets are poised to rebound a day after concerns about China’s property sector helped fuel a global selloff in stocks and commodities. Here’s what we’re watching ahead of Tuesday’s open.

• Uber Technologies rose 5.9% before the bell. The ride-hailing firm said it could reach a measure of profitability in the current quarter, months earlier than previously expected.
• Uber’s rival Lyft added 2.3% in premarket trading.
• U.S. Bancorp shares gained 0.8% after the lender said it had agreed to buy MUFG Union Bank, which operates about 300 branches mainly on the West Coast, for about $8 billion.
• Lennar fell more than 2% in premarket trading. The homebuilder said its third-quarter earnings were hurt by supply-chain challenges that show no sign of easing.
• Bill.com said it planned to sell $1 billion of shares. The financial-software stock dropped 5.1%.
• ConocoPhillips ticked up 1.7% after the oil-and-gas company said it had agreed to buy all of Royal Dutch Shell’s assets in the Permian Basin for about $9.5 billion in cash. Shell investors cheered the deal: U.S.-listed shares jumped more than 5%.
• Occidental Petroleum , Devon Energy and Phillips 66 rose in premarket trading as oil prices rallied and the energy sector looked set to rebound from a broad selloff. Occidental has repaid $4.5 billion of debt this year, the company said late Monday in a regulatory filing.
• KKR added almost 2% after skidding more than 6% Monday. Private-equity stocks have been on a tear this year.
• Bitcoin prices stabilized after tumbling on Monday, when investors ditched riskier and speculative assets.

Chart of the Day

Today’s inflation may be transitory, but how long “transitory” means is becoming a real head-scratcher for investors. At the risk of intellectual incoherence, they seem more worried about the next five years than the next 10, Jon Sindreu writes for Heard on the Street.