Sam Boughedda

Investing.com — The stock market rebounded on Thursday following a drop on Wednesday due to concerns about the Omicron variation of Covid’s spread, officially arriving on American shores.

After Wednesday’s announcement of the official first case, a second was discovered Thursday. The Biden administration is still pushing for boosters and vaccinations, as well as new rules regarding travel testing.

It’s still not clear how dangerous the Omicron variant is or whether it will respond to current vaccines and treatments.

D.C. lawmakers managed to reach an agreement that would keep the federal government funding until February. They were preparing to vote on this agreement by Thursday night.

The cartel of oil producing nations decided to maintain their production levels for the next month and not to respond to any nation, which included the U.S. that has released oil from its national reserves in order to dampen energy prices.

These are the three factors that will impact tomorrow’s markets:

1. Apple at the center of attention 

Apple Inc (NASDAQ: ) has come under intense scrutiny following Bloomberg’s report that Apple was experiencing slowing iPhone 13 sales. According to people who were familiar with the situation, Apple told vendors that they may not see an increase in order volume in 2022. 

Already, the company is feeling the impact of global supply chain problems and has had to reduce its iPhone 13 production goal by approximately 10 million units. However, it experienced a rare revenue loss in the fourth quarter 2021 fiscal year due to supply chain difficulties. 

2. View oil prices

Oil prices will remain on the minds of investors after OPEC+’s producer alliance stayed true to its January plan to release 400,000 barrels. For days on end, there had been speculation that the 23-nation OPEC+ — comprising the 13-member Saudi-led Organization of the Petroleum Exporting Countries and 10 other oil producers steered by Russia — would cancel the additional 400,000 daily barrels it had targeted each month since July.

3. Jobs, jobs, jobs

On the economic front, better-than-expected weekly jobless claims data stoked optimism on the labor market recovery ahead of Friday’s monthly jobs report. The Labor Department reported that 222,000 people filed for unemployment insurance, confounding economists’ expectations for an 18,000 rise.

The unemployment rate is predicted to fall to 4.4%, while the number of employed people will increase by 560,000. These data will be available at 8:30 AM ET (1330 GMT)

This report was contributed by the staff of Investing.com