Stocks Rebound Amid Hope That Omicron Variant is “Mild”

U.S. stock indexes are poised to open higher on Thursday as pandemic concerns began to ease. New data about the Omicron variant suggests the virus causes milder symptoms compared to its predecessors.

Omicron now also dominates new infections in the U.S.

Meanwhile, Novavax claims that its vaccine provides a good immune response against the latest COVID variant.

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Yesterday’s strong consumer confidence data also boosted the markets. Investors will be looking at last week’s initial jobless claims data.

Level Chg. Chg. %
DOW Futures 35,738.00 107 0.30%
S&P 500 Futures 4,699.00 13 0.28%
Nasdaq Futures 16,201.75 32 0.20%

U.S. Dollar and Treasuries

The yield on the 10-year Treasury rose two basis points. The dollar strengthened against a basket of major currencies.

Price Chg. Chg. %
U.S. Dollar Index (DXY): 96.17 +0.09 +0.10%

 

Yield Change Previous close
U.S. 1 Year Treasury Bill 0.269% 0.009 0.260%
U.S. 5 Year Treasury Note 1.237% 0.020 1.217%
U.S. 10 Year Treasury Note 1.476% 0.021 1.455%

 

Stocks To Watch

Tesla rose an additional 1% after surging 7.49% on Wednesday, on news that Musk stopped selling shares.

Travel and accommodation stocks surged on pandemic news. Hotel firm Las Vegas Sands surged more than 3% in premarket trading. Cruisliners Carnival Corp and Norwegian Cruise rose together with airliners American Airlines and Delta.

Shares of vaccine company Novavax were up in premarket trading. The company shared its findings on the efficacy of its vaccine against the Omicron variant.

Symbol Company Name Price Chg. % Volume
TSLA Tesla Inc. $1,017.87 0.89% 355.08K
CCL Carnival Corp. $21.65 1.88% 226.23K
AAL American Airlines Group Inc. $18.47 1.15% 98.32K
NCLH Norwegian Cruise Line Holdings Ltd. $23.19 2.52% 68.87K
DAL Delta Air Lines Inc. $39.60 1.20% 36.52K
LVS Las Vegas Sands Corp. $38.52 4.02% 34.9K
NVAX Novavax Inc $185.71 1.31% 75.91K

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Commodities To Watch

Oil was stable as positive Omicron news balanced the risks over near-term pandemic restrictions. Gold was stable, trading above $1,800. 

Resource Price Chg. %
WTI Crude Oil $72.95 0.26%
Brent Crude Oil $75.51 0.29%
Natural Gas $3.79 0.00%
Gold $1,804.60 0.13%
Silver $22.79 -0.15%
Copper $4.37 -0.60%

 

Crypto

The global crypto markets were stable in the last 24 hours.  

Currency Symbol Price Chg. % Market Cap.
Bitcoin BTC $48,677.88 -0.24% 920.44b
Etherium ETH $3,950.97 -0.93% 468.11b
Binance coin BNB $531.11 -0.34% 79.85b
Solana SOL $179.06 -1.95% 55.24b
Cardano ADA $ 1.348 +1.05% 41.94b

 

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