stock futures contracts rise, which puts Wall Street on course to stabilize after last week’s volatile sell-off at Omicron. Here’s what we’re seeing in Monday’s trading:
- Vaccine makers said they were assembling teams of scientists Evaluation of the new Omicron strain of Covid. Moderna stock jumped 9.7% before the sale, Johnson & Johnson rose 0.5%, Pfizer gained 1.3% and Novax rose 4.1%.
- New Covid restrictions raise concern travel sector Again, although airlines said busy Thanksgiving weekend In general smoothly. Southwest Airlines was up 1.3% before its launch, Delta Air Lines was up 2.5% and American Airlines was up 2.3%.
- Cruise lines were also recovering from some of the big drops last week, with Carnival up 4% ahead of the market, and Royal Caribbean stock up 3.3%.
- Crude oil prices also retraced some of the decline from last week, and energy producers rose. Occidental Petroleum rose 3.7%, Devon Energy 2.8% and Diamondback Energy 2%. Oil services company Halliburton gained 2.9%.
- Zoom Video Communications got a boost last week as investors considered the possibility of extending the period of working remotely. That trade was partially reversing early Monday, with the stock down 2.1%.
- Bitcoin was also on the rise, rising 5.8% from its price on Friday 5pm ET to $57240.35. Coinbase Shares Up 3.4%, Bitcoin Miner Marathon Digital Increases And Hut 8 Mining 5.6% and 5% profit respectively.
- Private equity firms have announced record purchases of $944.4 billion in the United States so far this year, More than double the size of the previous peak in 2007.
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