Futures extend the positive start of the year to Reuters

Β© 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 πŸ™‚ Corp. the leading gain among cruise operators, while American Airlines (NASDAQ πŸ™‚ gained 0.9%.

The big tech stocks that led to the increase in the previous session also rose, with Apple Inc (NASDAQ :), Tesla (NASDAQ πŸ™‚ Inc, Meta Platforms Inc, Netflix Inc (NASDAQ πŸ™‚ and Amazon.com Inc (NASDAQ πŸ™‚ winning are between 0.3% and 0.9%.

Ford Motor Co. (NYSE πŸ™‚ 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 πŸ™‚ Co has risen 2.2% since then. Swiss credit β€œSIX πŸ™‚ has upgraded conglomerate stocks toβ€œ outperform ”fromβ€œ neutral ”.

Foot Locker (NYSE πŸ™‚ 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.

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