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
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 |
