Market Watch: Stock futures rise following a losing day, omicron variant keeps investors on edge


Stock futures climbed in early morning trading Tuesday following a broad Monday sell-off amid fears about the fast-spreading Covid omicron variant.

Futures on the Dow Jones Industrial Average gained 250 points, S&P 500 futures rose 0.75% and Nasdaq 100 futures added 1.01%.

Nike shares jumped almost 4% in extended trading after the sneaker maker reported quarterly earnings and sales that exceeded analysts’ expectations, despite ongoing supply chain pressures.

The overnight action came after a losing day on Wall Street with low trading volume ahead of the holidays. The blue-chip Dow dropped more than 400 points for its third straight declining session. The S&P 500 and the Nasdaq Composite both declined more than 1% Monday, and the S&P’s three-day drop of 3% was its worst such showing since September.

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