Stock Futures Were Mixed on Wednesday Morning

Stock futures were mixed on Wednesday morning after the major averages rebounded from a three-day losing streak triggered by fears regarding Covid’s new variant.

Dow Jones Industrial Average futures gained 0.2%. S&P 500 futures dropped 0.1% and Nasdaq 100 futures declined 0.23%.

U.S. stocks strengthened their positions on Tuesday. The Dow Jones Industrial Average added 560.14 points to 35,492.70, helped by gains in Nike as well as Boeing. The S&P 500 added nearly 1.8% to 4,649.23 as nine of the 11 sectors registered gains. The Nasdaq Composite advanced 2.4% to 15,341.09. On Tuesday, the small-cap benchmark Russell 2000 gained 2.9% for its best day since July 20.

Travel-related stocks rose on Tuesday. Delta Air Lines advanced 5.9%, United Airlines added nearly 6.9%. Carnival rose about 8.7%. Las Vegas Sands jumped 8.4%. Boeing added 5.8%.

On Monday, the Dow Jones Industrial Average fell more than 400 points. It lost nearly 1,000 points over the previous three sessions. The S&P 500 fell more than 1%. The Nasdaq Composite dropped more than 1%.

Stock futures and the omicron variant

As can be seen from the information stated above that the omicron variant of Covid-19 affected stock futures on Wednesday.

New variant a serious threat to the healthcare system. This week, President Joe Biden underlined the importance of booster shots. He reiterated that the country is not going back to March 2020 at the height of the initial outbreak where it went into a forced lockdown.

President also stated that his administration will deploy 1,000 medical personnel from the military. Biden’s administration will deploy troops to help hospitals facing a surge of patients infected with Covid this winter. The administration is also purchasing 500 million at-home Covid tests that Americans can begin ordering for free starting next year.