After plunging 350 points — or 2 percent — on news of a possible Greek debt default on Monday, the Dow Jones Industrial Average was up 0.5 percent to 17,604 in pre-market trading Tuesday. The S&P 500 futures were up 0.7 percent to 2,063.

Monday’s decline pummeled retail and fashion apparel stocks, which suffered declines of between 2 and 7 percent. Investors were concerned that a Greek’s default would have lasting impact on European and global business. The country’s total debt is over 160 percent of its gross domestic product, according to the CIA World Factbook.