Trading Concept
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
No Result
View All Result
Trading Concept
No Result
View All Result
Home Trading News

Stock futures are flat after a rebound in markets as investors reassess omicron risk

by
December 7, 2021
in Trading News
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

RELATED POSTS

There’s another crypto ‘washout’ coming before investors should buy, Fundstrat says

Crypto exchange CoinFlex claims ‘Bitcoin Jesus’ is the investor behind $47 million debt

Stock futures were flat in overnight trading on Monday after a rebound from a rollercoaster week as investors looked past the potential impact from the new omicron coronavirus variant.

Futures on the Dow Jones Industrial Average rose just 15 points. S&P 500 futures and Nasdaq 100 futures were both little changed.

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 variant is “encouraging,” though he cautioned that more information was needed to fully understand it.

Meanwhile, 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.

Comments by Fed officials suggest the central bank is likely to decide to double the pace of its taper to $30 billion a month at its December meeting next week. Initial discussions could also begin as soon as the December meeting about when to raise interest rates and by how much next year.

“After the markets roller coaster ride last week traders are likely at a bit of a crossroads,” said Chris Larkin, managing director of trading at E-Trade Financial. “On one hand Omicron may be less of a threat, but on the other the Fed could potentially accelerate tightening, so we could see some shifts in the market.”

Market focus will shift to the new inflation data later this week. The consumer price index, which is expected to be even hotter than the prior month, could become the catalyst for the Fed to deliver faster tightening of its policies.

ShareTweetPin

Related Posts

There’s another crypto ‘washout’ coming before investors should buy, Fundstrat says

by
June 29, 2022
0

A final big sell-off in bitcoin is on the immediate horizon before dip-buyers should come in, according to Fundstrat Global...

Crypto exchange CoinFlex claims ‘Bitcoin Jesus’ is the investor behind $47 million debt

by
June 29, 2022
0

Roger Ver, chief executive officer of Bitcoin.com. Anthony Kwan | Bloomberg | Getty Images Digital asset exchange CoinFlex is locked...

Dow rises Wednesday as Wall Street attempts to regain its footing

by
June 29, 2022
0

Stock futures were mixed on Wednesday morning, after the major averages made a failed attempt at a bounce in the...

U.S. stock futures struggle to hold gains after GDP data

by
June 29, 2022
0

U.S. stock futures struggled for direction on Wednesday, leaving Wall Street potentially on course for a third consecutive day of...

Carnival Stock Could Fall to $0 in a Worst Case Scenario, Analyst Says

by
June 29, 2022
0

Text size Carnival Dream cruise ship is docked at Port B in Key West, Florida. Chandan Khanna/AFP via Getty Images...

Next Post

Toyota to build $1.29 billion EV battery plant in North Carolina, create 1,750 jobs

Cloud stocks have been crushed. Here's how Jim Cramer would invest in a potential rebound

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:



By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

MOST VIEWED

  • Forget Tesla — this auto stock is the one to buy right now, analyst says

    0 shares
    Share 0 Tweet 0
  • WHO says Covid vaccine booster programs will prolong pandemic

    0 shares
    Share 0 Tweet 0
  • Spin or Split? AT&T Has a Big Decision to Make on Discovery Stake.

    0 shares
    Share 0 Tweet 0
  • Here’s how Carl Icahn is positioning for a possible recession in America

    0 shares
    Share 0 Tweet 0
  • Some lawmakers and their families are betting thousands of dollars on crypto

    0 shares
    Share 0 Tweet 0
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
All rights reserved by tradingconcept.net
No Result
View All Result
  • Email Whitelisting
  • Home
  • Privacy Policy

All rights reserved by www.tradingconcept.net