U.S. Futures Up Despite Record Infections

U.S. equity futures were higher Tuesday ahead of trading despite the country seeing a record number of Omicron infections. Investors are betting that the U.S. economy will stay resilient against the raging pandemic.

On Tuesday, members of the White House COVID response team, including Dr. Anthony Fauci, will brief President Joe Biden on the Omicron pandemic. Investors will be looking at the President’s remarks after the briefing, for potential signs of more restrictive pandemic measures.

However, investors are still betting on a resilient economy. Energy and growth stocks were up as investors bet on strong manufacturing data. Investors will be looking at ISM Manufacturing and JOLTS Job opening data, set to be released later this morning.

Level Chg. Chg. %
DOW Futures 36,543.00 88 0.24%
S&P 500 Futures 4,796.00 10 0.21%
Nasdaq Futures 16,497.00 11.5 0.07%

U.S. Dollar and Treasuries

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

Price Chg. Chg. %
U.S. Dollar Index (DXY): 96.44 +0.23 +0.24%

 

Yield Change Previous close
U.S. 1 Year Treasury Bill 0.392% 0.004 0.388%
U.S. 5 Year Treasury Note 1.393% 0.036 1.357%
U.S. 10 Year Treasury Note 1.664% 0.032 1.632%

 

Stocks To Watch

Shares of Apple rose in premarket trading, making the company the first to reach a $3 trillion market cap.

Tesla, however, stole the spotlight from Apple.  The stock nudged above $1,200, as Q4 delivery results surprised investors. On Monday, Tesla was up a whopping 13.53%.

Travel stocks rebounded globally in premarket trading. Cruiseliners Carnival Corp and Norwegian Cruise Line soared in premarket trading. Airliners were up as well.

Symbol Company Name Price Chg. % Volume
CCL Carnival Corp. $21.83 1.96% 523.92K
TSLA Tesla Inc. $1,203.52 0.31% 363.49K
AAPL Apple Inc. $182.62 0.34% 331.55K
NCLH Norwegian Cruise Line Holdings Ltd. $22.50 1.44% 54.89K
DAL Delta Air Lines Inc. $40.82 1.32% 43.34K

 

Commodities To Watch

Oil rose ahead of the OPEC+ meeting, as major oil producers plan to stick to a planned output hike. Oil-producing countries worry that surging omicron cases may threaten oil demand. Gold was stable in premarket trading.

Resource Price Chg. %
WTI Crude Oil $76.13 0.07%
Brent Crude Oil $79.06 0.10%
Natural Gas $3.91 2.60%
Gold $1,799.70 -0.02%
Silver $22.72 -0.42%
Copper $4.39 -0.74%

 

Crypto

The global crypto market cap is $2.23T, a 1.19% decrease over the last day. Bitcoin’s dominance is currently 39.41%, a decrease of 0.24% over the same period.

Currency Symbol Price Chg. % Market Cap.
Bitcoin BTC $46,664.96 -1.57% 882.89b
Etherium ETH $3,829.44 -0.23% 454.48b
Binance coin BNB $513.59 -3.33% 77.21b
Solana SOL $170.99 -2.03% 52.88b
Cardano ADA $ 1.331 -2.64% 41.40b

 

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