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Futures extend positive start to the year -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO – Traders are seen on the New York Stock Exchange’s trading floor in Manhattan. New York City. U.S.A, December 28, 2021. REUTERS/Andrew Kelly

By Shreyashi Sanyal

(Reuters) – U.S. stock futures increased on Tuesday as concerns about Omicron virus subsided, and travel stocks rebounded.

Global equity markets bounced on the second consecutive day of trading in 2022. The World Health Organization stated that more evidence suggests the coronavirus variant affects the upper respiratory tract. This causes milder symptoms. [MKTS/GLOB]

The premarket advance in travel stocks was led by a 2.7% surge in Carnival Corp (NYSE:) Corp which led gains for cruise operators. American Airlines (NASDAQ;) gained 0.9%.

The big technology stocks that had gained in the last session also rose with Apple Inc (NASDAQ) Inc, Tesla (NASDAQ) Inc, Meta Platforms Inc and Netflix Inc (NASDAQ) all seeing gains of 0.3% to 0.9%.

Ford Motor (NYSE) Co increased 1.5% following Ford Motor’s announcement that it would nearly double its annual production of the F-150 Lightning electric pickup, to reach 150,000 units.

General Electric (NYSE:) Co rose 2.2% after Credit Suisse (SIX) The stock of the conglomerate was upgraded to “outperform” by investors from “neutral”.

Foot locker (NYSE:) Inc fell 3.8% following J.P. Morgan’s downgrading of the stock of the footwear and sports retailer to “underweight” instead from “neutral”.

At 6:28 AM. ET were up 133 point, or 0.3%, and 18.75 points (or 0.39%) were up, while they were up 61.5points, or 0.37%.

Data are due to be available at 10:00 a.m. ET data is due at 10 a.m. ET should show U.S. Manufacturing Activity decreased from the November reading of 61.1. Reuters polled economic experts and forecast that the ISM Manufacturing PMI will fall to 60.

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