© Reuters. FILE PHOTO: Traders Work on the New York Stock Exchange (NYSE) in Manhattan, New York, USA, December 28, 2021. REUTERS / Andrew Kelly
By Shreyashi Sanyal
(Reuters) – Futures on the US stock index rose on Tuesday, extending a strong start to a year after concerns about the Omicron variant of the coronavirus eased and travel stocks jumped.
Stock markets around the world jumped for the second day in a row in 2022, and the World Health Organization says more evidence is emerging that the coronavirus variant affects the upper respiratory tract, causing milder symptoms than previous variants. [MKTS/GLOB]
Tourist stocks led to pre-market growth of 2.7% in Carnival (NYSE 🙂 Corp. the leading gain among cruise operators, while American Airlines (NASDAQ 🙂 gained 0.9%.
The big tech stocks that led to the increase in the previous session also rose, with Apple Inc (NASDAQ :), Tesla (NASDAQ 🙂 Inc, Meta Platforms Inc, Netflix Inc (NASDAQ 🙂 and Amazon.com Inc (NASDAQ 🙂 winning are between 0.3% and 0.9%.
Ford Motor Co. (NYSE 🙂 Co. added 1.5% after the carmaker said it would nearly double its annual production capacity for its incandescent F-150 Lightning electric pickup to 150,000 vehicles.
General Electric (NYSE 🙂 Co has risen 2.2% since then. Swiss credit “SIX 🙂 has upgraded conglomerate stocks to“ outperform ”from“ neutral ”.
Foot Locker (NYSE 🙂 Inc. fell 3.8% after JP Morgan lowered its inventory of retail sports equipment and footwear to “less weight” from “neutral”.
At 6:28 a.m. Eastern Time, they rose 133 points, or 0.36%, rose 18.75 points, or 0.39%, and rose 61.5 points or 0.37%.
Meanwhile, data due at 10 a.m. Eastern Time is expected to show that manufacturing activity in the U.S. fell last month from a 61.1 reading in November. Economists polled by Reuters predict that the ISM Manufacturing PMI index will fall to 60.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage resulting from reliance on information including data, quotations, charts and buy / sell signals contained on this website. Please be fully informed about the risks and costs associated with trading in financial markets, this is one of the most risky possible forms of investment.