Stock futures inch higher after sell-off prompted by first U.S. omicron case

U.S. stock index futures rose during overnight trading on Wednesday, after the Centers for Disease Control (CDC) confirmed the first known case of the omicron variant in the United States, sending stocks tumbling. Futures related to the Dow Jones Industrial Average gained 72 points. S&P 500 futures advanced 0.2%, while Nasdaq 100 futures gained 0.25%. … Read more

Ray Dalio says cash is not a safe place right now despite heightened market volatility

Ray Dalio of Bridgewater Associates has stuck to his belief that cash is not the right place to be despite the volatility in the markets caused by the new Covid omicron variant. “Cash is not a safe investment, it’s not a safe place because it will be taxed because of inflation,” the founder of the … Read more

Stock futures rise ahead of first trading day of December

US stock futures were higher in overnight trading on Tuesday after a sell-off on Wall Street on concerns about the new Covid variant, omicron, and the Federal Reserve is considering a faster-than-planned decline. Dow futures rose nearly 90 points. S&P 500 futures rose 0.5% and Nasdaq 100 futures rose 0.65%. The major averages have seen … Read more

Global markets rattled by omicron vaccine worries

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, October 27, 2021. Brendan McDermid | Reuters LONDON – Global markets have been shaken again by fears that the new alternative, Omicron, to Covid-19 may evade vaccines. Although health authorities have said it will take several weeks to get … Read more

Stock futures rise as market set to build on Monday’s rebound from omicron-triggered sell-off

Stock futures rose in overnight trading on Monday after a rebound on Wall Street as investors reassessed the risks associated with the new omicron Covid variant. Futures contracts on the Dow Jones Industrial Average gained 100 points. S&P 500 and Nasdaq 100 futures rose 0.3%. The overnight action came after a broad-based comeback that saw … Read more

Bill Ackman says the Covid omicron variant could end up being bullish for markets

Bill Ackman, founder and CEO of Pershing Square Capital Management. Adam Jeffrey | CNBC Investor Bill Ackman said a new alternative to the coronavirus could give US stocks a boost if symptoms are less severe. “While it is too early to have definitive data, reported early data indicates that the ‘Omicron’ virus causes ‘mild to … Read more

Stock futures move higher after Friday’s big sell-off, investors monitor omicron Covid variant

A trader on the floor of the New York Stock Exchange (NYSE), on Thursday, November 18, 2021. Michael Nagel | Bloomberg | Getty Images Stock futures rose in overnight trading on Sunday after Friday’s big sell-off as investors watched the latest developments related to the Covid omicron variant. Futures on the Dow Jones Industrial Average … Read more

Massive inflation to likely push Fed to hike rates 6 times: Federated

The bull in the market has long been tempering its expectations due to inflation. Phil Orlando of Federated Hermes expects the Federal Reserve to raise interest rates six times over the next two years to tame massive price increases from cars to shelter and food. “Our best guess is that we will see quarter-point rate … Read more