Stock futures rise slightly after a rebound in markets as investors reassess omicron risk

  • 📰 CNBC
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 72%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

The overnight session followed a comeback on Wall Street that saw the blue-chip Dow gain nearly 650 points.

The S&P 500 jumped 1.1% on Monday with all 11 sectors registering gains. The Nasdaq Composite reversed higher to end the day up 0.9%. The rally was led by travel-related stocks such as airlines and cruise line operators.

"Easing Omicron fears are making way for investors to position for a more hawkish Fed," said Fiona Cincotta, senior financial market analyst at City Index. "The markets are dialing back on the potential economic damage that Omicron could cause as initial reports suggest that the new COVID variant is less severe."

Investors are betting that the new Covid-19 strain may cause milder illness than feared. White House Chief Medical Advisor Dr. Anthony Fauci said Sunday that the initial data on the variantMeanwhile, investors are also weighing the likelihood that the Federal Reserve would begin to remove its massive pandemic easing policies and hike rates sooner than expected.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Confirming $DWAC and Trump Media Group using rumblevideo / $CFVI for cloud and distribution services. BUY NOW EVERYONE IS BUYING RIGHT NOW

He he he bull trap

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

December 2021 Stock Market OutlookNovember began with stocks on another tear, setting record high after record high, but ended abruptly with the market in retreat. By the end of November, the S&P 500 had fallen 2.9% from its latest all-time high, and closed out the month down 0.8%. Meanwhile, the Dow Jones Industrial Average (DJ Advisor I don't want to see Santa wearing a mask...period. Advisor This is like the biggest opportunity I had in making money from the comfort of the home, gratitude to Geoffreypreud this is really amazing..... I'm counting the racks like never before about $15,800. I think my job is actually a waste of time. Thank you Mr Geoffrey send a DM
Source: Forbes - 🏆 394. / 53 Read more »

Donald Trump's new media company now under SEC scrutiny over stock tradingTrump met with DWAC Executive Patrick Orlando before the company started raising funds for their merger, which could be in violation of SEC rules.
Source: Newsweek - 🏆 468. / 52 Read more »