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Title: Dow Futures Rise 325 Pts; Nike, Micron Results Boost Sentiment


12/21/2021 06:54 AM ET

By: AnalysisWatch



U.S. stocks are seen opening higher Tuesday, bouncing back from the past meeting's Omicron-related misfortunes and aided by solid income from Micron Technology (NASDAQ: MU) and, less significantly, Nike (NYSE: NKE).


The Dow Futures contract was up 320 focuses, or 0.9%, the S & P 500 Futures contract was up 45 focuses, or 1%, and the Nasdaq 100 Futures contract was up 170 focuses, or 1.1%.


Significant files tumbled on Monday on the possibility of easing back development, given the flood of new COVID cases and the logical disappointment of President Joe Biden's close $2 trillion social spending bill going through the Senate. Later, Senator Joe Manchin, a moderate Democrat, pulled out his help.


The Dow Jones Industrial Average dropped more than 400 points, or 1.2%, the S&P 500 dropped 1.1%, and the tech-heavy Nasdaq Composite dropped 1.2%.


In any case, the tone is more hopeful. Tuesday. The CEO of Moderna (NASDAQ:MRNA) expressed that the U.S. drugmaker could foster a promoter shot to ensure against the Omicron variation in a somewhat brief period.


"It's just a few minor changes for Omicron. "I don't anticipate any issues," CEO Stephane Bancel said in a meeting with the Swiss paper Tages-Anzeiger distributed on Tuesday.

The fast development of instances of the Omicron COVID variation has induced stresses that the country's financial recuperation could slow down similarly as the Federal Reserve is beginning to get control over its accommodative money related arrangements. According to the Centers for Disease Control, the Omicron variant was discovered in 43 states and accounted for 73% of new contaminations in the United States last week.


Additionally, helping feelings were solid numbers from the corporate area. Nike stock is seen higher premarket after deals for its shoes and attire in North America, the organization's biggest market, rose 12% year-on-year, counterbalancing a 20% droop in deals in China. The organization's providers in Vietnam are, notwithstanding, as yet delivering at around 20% low their pre-pandemic levels.

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