Stock futures closed flat after Tuesday’s rebound from the three-day losing streak triggered by concerns about the omicron Covid version.

Dow Jones Industrial Average futures increased 0.04%. S&P 500 futures inched 0.02% higher and Nasdaq 100 futures fell 0.005%.

In regular trading, all three major averages rose. This pushed their weekly gains into green. Dow Jones Industrial Average gained 560 points or 1.6%. The S&P 500 rose 1.8% and the Nasdaq Composite gained 2.4%.

The relief rally in travel-related stocks was triggered by investors putting aside Covid-related concerns and buying the dip. Delta Air Lines rose 5.9%, United Airlines gained 6.9% and Carnival added 8.7%. 

Jeff Currie, Goldman Sachs’s analyst said Tuesday that some of the most successful stocks were reopening stocks. This indicates that investors still have the ability to see past the obstacles posed by the increase in cases. “The reaction to the virus perhaps signifies an acceptance (at least for now) of the ‘new normal’ … in which investors may be determining that Covid waves are becoming a regular thing – seasonal like the flu perhaps.”

At a press conference on Tuesday, Joe Biden encouraged Americans to receive their booster shots. Accordingly to him, those who received them were “highly protected.” Biden also stated that the United States will not reimpose the tight lockdowns that were in place at the outbreak of the pandemic. Biden stated earlier Tuesday that his administration would not reimpose the strict lockdowns imposed at the start of the pandemic. will deploy 1,000 medical personnelThe military will provide support to hospitals that are facing an influx of Covid patients. It will also purchase 500 million Covid test kits at home for free.

With the delta variant, “the economy was able to sustain better than most expected,” said Keith Buchanan, portfolio manager at Globalt Investments. Many people believe that the economic recovery was due to more stimulus monetary. Omicron proves that this is not always the case. The test is to see if Omicron’s economy and market can survive a less accommodating fiscal or monetary policy.

Investors look forward Wednesday’s release of economic data, which includes home sales and home purchases.

CarMax expects to announce quarterly earnings prior to the bell on Wednesday.